GDS Holdings (GDS) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
GDS Holdings Limited, a prominent data center developer in China and Southeast Asia, has successfully raised $587 million for its subsidiary, GDS International, through the issuance of Series A convertible preferred shares. This equity raise is a strategic move to separately finance GDS International’s growth, including its existing 330 MW of data center capacity and an additional 340 MW planned for future development. The funds will enable GDS International to complete its current projects without further financial support from GDS Holdings.
For further insights into GDS stock, check out TipRanks’ Stock Analysis page.
