GDS Holdings, which develops and operates data centers in China, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Shanghai, China-based company was founded in 2003 and booked $127 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol GDS. GDS Holdings filed confidentially on May 20, 2016. Credit Suisse, J.P. Morgan, Citi, RBC Capital Markets and China Renaissance are the joint bookrunners on the deal. No pricing terms were disclosed.
