China-based data center GDS seeks $260m IPO in US

China-based data center GDS seeks $260m IPO in US

GDS Holdings Ltd logo

China-based data center provider GDS Holdings Ltd is going public in the US seeking to raise more or less $260 million in its initial public offering (IPO) on Nasdaq.

GDS recently filed for an IPO with the US Securities and Exchange Commission, indicating its plans to offer 19.3 million American depositary shares (ADS) priced at $12 to $14 per share.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter