Investors NEWS Recap: GDS Holdings Limited (NASDAQ:GDS)

GDS Holdings Limited (NASDAQ:GDS) reported change of -1.72% to $41.02 with the recent traded volume of 1091434 shares compared to an average volume of 789.15K. The stock was up in last five days period with 4.83%. The one month performance of stock was 47.61%. GDS shares are at 58.32% for the quarter and driving a 420.56% return over the course of the past year and is now at 82.07% since this point in 2018.   The average volatility for the week and month was at 7.03% 6.28% respectively. The company holds 120.94M shares outstanding.

GDS Holdings Limited (NASDAQ:GDS), a leading developer and operator of high-performance data centers in China, today announced that it proposes to offer up to US$250 million in aggregate principal amount of convertible senior notes due 2025 (the “Notes”, the “Notes Offering”). The Notes will mature on June 1, 2025. The conversion rate and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$50 million aggregate principal amount of the Notes solely to cover over-allotments, if any. The offering is subject to market conditions and other factors.

The Notes will be convertible into American Depositary Shares (“ADSs”) of the Company, at the option of the holders, in integral multiples of US$1,000 principal amount, at any time prior to the close of business on the third scheduled trading day immediately preceding June 1, 2025. GDS will not have the right to redeem the Notes prior to maturity, unless certain changes in tax law or related events occur. It is contemplated that the holders of the Notes may require the Company to repurchase all or part of their Notes in cash on June 1, 2023, or in the event of certain fundamental changes, in each case at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the repurchase date.

The Company intends to use the net proceeds from the Notes Offering for the development and acquisition of new data centers, repayment of outstanding indebtedness, general corporate purposes and working capital needs.

Shares of GDS Holdings Limited (NASDAQ:GDS) have been recently spotted trading -3.09% off of the 52-week high price. On the other end, company shares have been noted 494.49% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 6.90 – 42.33. Switching over to some distances from popular moving averages, we see that the stock has been recorded 38.26% away from the 50 day moving average and 91.34% away from the 200 day moving average. Moving closer, we can see that shares have been trading 20.12% off of the 20-day moving average. 740 employees work in the Company. It has market cap of $4.96B.

Category – Technology

Grady Lawley is a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Grady has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category.

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