GDS Announces $1B Equity Raise By Its International Affiliate Led By New U.S. Investors
Portfolio Pulse from Benzinga Newsdesk
GDS Holdings Limited's international affiliate, DigitalLand Holdings Limited, has secured a $1 billion equity investment from new U.S. investors, led by Coatue Management and The Baupost Group. This investment will support the development of up to 1 GW of data center capacity across Asia.
October 29, 2024 | 1:03 pm
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GDS Holdings Limited's international affiliate has raised $1 billion from U.S. investors to expand its data center capacity in Asia, potentially enhancing GDS's growth prospects.
The $1 billion equity raise by GDS's international affiliate indicates strong investor confidence and provides significant capital for expansion. This is likely to enhance GDS's growth prospects and market position in the data center industry, positively impacting its stock price.
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