tiprankstipranks
Trending News
More News >

GDS Holdings Announces Major ADS Offering and Strategic Financial Moves

Story Highlights
GDS Holdings Announces Major ADS Offering and Strategic Financial Moves

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1