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GDS Holdings Priced, Nasdaq: GDS

Leading provider of high-performance carrier-neutral data centers in China.

Industry: Technology

First Day Return: +4.1%

Industry: Technology

We are a leading developer and operator of high-performance data centers in China. Our facilities are strategically located in China's primary economic hubs where demand for high-performance data center services is concentrated. Our data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancy across all critical systems. We are carrier and cloud neutral, which enables our customers to connect to all major PRC telecommunications carriers, and to access a number of the largest PRC cloud service providers, whom we host in our facilities. We offer colocation and managed services, including a unique and innovative managed cloud value proposition. We have a 15-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. Our base of approximately 370 customers consists predominantly of large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. As of September 30, 2016, we had an aggregate net floor area of 48,822 sqm in service, 93.8% of which was committed, and an aggregate net floor area of 37,194 sqm under construction. According to 451 Research, an independent research firm, we are the largest service provider in the high-performance carrier-neutral data center services market in China, with 24.9% market share as measured by area committed as of September 30, 2016.
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IPO Data
IPO File Date 10/04/2016
Offer Price $10.00
Price Range $12.00 - $14.00
Offer Shares (mm) 19.3
Deal Size ($mm) $193
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/01/2016
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $193
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Shanghai, China
Founded 2003
Employees at IPO 573
Website www.gds-services.com

GDS Holdings (GDS) Performance