GDS International GDSI) – a leading data center pioneer based in Singapore – announced that it has entered into amendments to the definitive agreements for the Series B Convertible Preferred Shares new issue initially announced on October 29, 2024, as a result of which the new issue has been upsized from $1 billion to $1.2 billion at the same pre-money equity valuation.
The upsize was mainly committed by renowned new investors, such as the SoftBank Vision Fund and Kenneth Griffin, CEO of Citadel. And with the addition of the Series B proceeds, GDSI expects to have sufficient equity to capitalize the development of over 1 GW of total data center capacity.
GDS International (GDSI) is a data center pioneer that develops and operates next-generation digital infrastructure for industry leaders who demand reliable, quickly scalable and cost-effective solutions. And the company’s cutting-edge data centers empower hyperscalers and large enterprises to connect with and support their customers to drive innovation.
The Series B new issue is expected to close by the end of this year.
KEY QUOTE:
“We are delighted with the strong investor support for our Series B new issue, which enables us to upsize and add renowned new investors to our shareholder base. The success of this equity raise underscores the strength of GDSI’s vision and strategy. This additional funding will enable us to accelerate our plans to create new data center markets and to deliver state-of-the-art digital infrastructure solutions.”
- Jamie Khoo, CEO of GDS International
