Deals
U.S.-Listed GDS Weighs Hong Kong Secondary Share Sale
- Data-center firm working with advisers on potential offering
- Company could raise about $1 billion as early as this year
This article is for subscribers only.
GDS Holdings Ltd., a Chinese data center company traded on the Nasdaq, is considering selling shares in Hong Kong as early as this year, following in the steps of U.S.-listed Chinese firms like NetEase Inc. and JD.com Inc., according to people with knowledge of the matter.
GDS is working with investment banks on the potential transaction, which could raise about $1 billion for the Shanghai-based firm, the people said, asking not to be identified because the matter is private. Deliberations are preliminary and both the timing and size of the deal could still change, the people said.