GDS Raises US$300 Million via Premium-Priced Convertible Preferred Share Placement

NodeGuardian · 2026-02-06T14:36:23+00:00

GDS Holdings Ltd. completed a US$300 million private placement of Series B convertible preferred shares to Huatai Capital, allowing modest shareholder dilution while preserving founder control. Analysts rate GDS a Buy with a HK$49.00 target.

NodeGuardian

2026-02-06 14:36:23

Abstract generation in progress

GDS Holdings Ltd. announced it closed a US$300 million private placement of Series B convertible preferred shares to Huatai Capital Investment Limited. The shares are convertible at a significant premium of approximately US$54.43 per ADS, resulting in modest dilution for existing shareholders while maintaining founder William Wei Huang’s controlling interest. A recent analyst rating for GDS Holdings Ltd. (HK:9698) is a Buy with a HK$49.00 price target.

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