GDS News

Two IPOs raised $275 million this week after steep valuation cuts. Both disappointed, finishing Friday at the offer price. They weren't alone: The S&P 500 declined 1.9% during the week, making headlines for its 9-day losing streak. While both companies operate in very different sectors, Smart Sand in energy and GDS Holdings in Chinese Internet...read more

GDS Holdings, which is leading provider of high-performance carrier-neutral data centers in China, raised $193 million by offering 19.3 million ADSs at $10, well below the range of $12 to $14. GDS Holdings plans to list on the Nasdaq under the symbol GDS. Credit Suisse, J.P. Morgan, Citi, RBC Capital Markets and China Renaissance acted as lead managers on the deal....read more

Coming off a busy week for IPOs, only two deals looking to raise $425 million are on the calendar in the week ahead. GDS Holdings (GDS), a leader in the Chinese market for high-performance carrier-netural data centers, is targeting a $1.7 billion market opportunity which is estimated to grow 20%+ moving forward. Smart Sand (SND), a miner...read more

Three IPOs raised $495 million this week, led by iRhythm Technologies (IRTC), which popped 53% on its first day. The other two IPOs, CRISPR Therapeutics (CRSP) and Forterra (FRTA), priced below the range and closed the week down 1% and 6%, respectively. Forterra’s 8% drop on its first day was the eighth worst...read more