GDS International (GDSI) has upsized its Series B Convertible Preferred Shares new issue from $1.0B to $1.2B, maintaining the same pre-money valuation. The increase was primarily committed by new investors, including SoftBank Vision Fund and Citadel's CEO Kenneth Griffin. The Series B round is expected to close by year-end, providing GDSI with sufficient equity to develop over 1 GW of total data center capacity.GDSI, a Singapore-based data center pioneer, aims to accelerate its plans for creating new data center markets and delivering advanced digital infrastructure solutions. The successful equity raise underscores investor confidence in GDSI's strategy. After the Series B closing, GDS Holdings Limited will retain approximately 35.6% equity interest in GDSI on an as-converted basis.GDS...Show More

GDS International (GDSI) has upsized its Series B Convertible Preferred Shares new issue from $1.0B to $1.2B, maintaining the same pre-money valuation. The increase was primarily committed by new investors, including SoftBank Vision Fund and Citadel's CEO Kenneth Griffin. The Series B round is expected to close by year-end, providing GDSI with sufficient equity to develop over 1 GW of total data center capacity.GDSI, a Singapore-based data center pioneer, aims to accelerate its plans for creating new data center markets and delivering advanced digital infrastructure solutions. The successful equity raise underscores investor confidence in GDSI's strategy. After the Series B closing, GDS Holdings Limited will retain approximately 35.6% equity interest in GDSI on an as-converted basis.GDS Holdings Limited, listed on NASDAQ and HKEX, continues to be a leading high-performance data center developer and operator in mainland China, with strategic facilities in key economic hubs. The company serves major cloud providers, internet companies, financial institutions, and large corporations, offering co-location and value-added services including managed hybrid cloud solutions.