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GDS Holdings prices IPO at $10, well below the range

November 2, 2016
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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.