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The latest update is out from GDS Holdings Ltd. ( (HK:9698) ).
GDS Holdings Limited announced a primary offering of 5,200,000 American depositary shares (ADSs), each representing eight Class A ordinary shares, with the proceeds going to the company. Concurrently, they are offering 6,000,000 ADSs through a Delta Placement of Borrowed ADSs, facilitated by J.P. Morgan Securities. This move is part of a broader strategy involving convertible senior notes to hedge market risks for investors. The completion of these offerings is interdependent, with implications for the company’s financial strategy and market positioning.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
More about GDS Holdings Ltd.
GDS Holdings Limited is a company incorporated in the Cayman Islands with limited liability, operating in Hong Kong as GDS WanGuo Holdings Limited. It is involved in the technology and data center industry, with its American depositary shares listed on the Nasdaq Global Market under the symbol GDS.
Average Trading Volume: 10,255,779
Technical Sentiment Signal: Buy
Current Market Cap: HK$42.77B
For detailed information about 9698 stock, go to TipRanks’ Stock Analysis page.
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