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The Bamboo Works

GDS Raises Funds for Accelerating Expansion, But Investors Unimpressed

GDS Singapore China Doug Young VNET

Key Takeaways:

GDS is raising $620 million through the issue of seven-year convertible notes with a conversion price just 16% above the stock’s latest close
Funds are being used to pay for an accelerated buildup of new data centers, including a new regional hub taking shape around Singapore

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