GDS Holdings (GDS) said late Tuesday it has priced a public offering of 5.2 million American depositary shares at $24.50 per ADS.
The offering is expected to close Friday, the company said.
GDS is offering underwriters a 30-day option to purchase up to 780,000 additional ADSs.
GDS said it estimates net proceeds from the offering of about $123 million, or $141.6 million if underwriters exercise their option fully. The company plans to use the proceeds for general corporate purposes.
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