Gds announces pricing of global offering

Shanghai, china, oct. 27, 2020 (globe newswire) -- gds holdings limited (“gds” or the “company”) (nasdaq: gds), a leading developer and operator of high-performance data centers in china, today announced the pricing of its global offering (the “global offering”) of 160,000,000 new class a ordinary shares (the “shares”) which comprises an international offering (the “international offering”) and a hong kong public offering (the “hong kong public offering”). the final offer price for both the international offering and the hong kong public offering (the “offer price”) has been set at hk$80.88 per share. based on the ratio of eight shares per nasdaq-listed american depositary share (“ads”), the offering price translates to approximately us$83.49 per ads. the company has set the offer price by taking into consideration, among other factors, the closing price of the adss on october 26, 2020, the latest trading day before pricing. subject to approval from the stock exchange of hong kong limited (the “sehk”), the shares are expected to begin trading on the main board of the sehk on november 2, 2020 under the stock code “9698”.
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