On 2 November 2020, GDS Holdings Limited (“GDS”) was listed on the Main Board of the Stock Exchange of Hong Kong with the stock code 9698-SW. GDS issued a total of 160,000,000 Class A ordinary shares (subject to over-allotment) at a price of HK$ 80.88 each through international and Hong Kong public offerings. It is expected to raise HK$12.9408 billion (subject to over-allotment) through this global offering.
GDS is a neutral third-party data center operator, focusing on developing and operating high-performance data center. This second listing is another important step taken by GDS to implement its business strategy leveraging the world’s major capital markets, following its listing in NASDAQ in November 2016 with the stock code: GDS.
King & Wood Mallesons (“KWM”) acted as the PRC counsel to the issuer again and has been fully engaged in all the stages of this project. By examining the relevant laws, regulations and practices relating to data center industry, and developing innovative solutions to various issues, the KWM team provided comprehensive and professional legal services to the client in its successful listing. This is also another leading project on which KWM advised in the new infrastructure sector.