Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Equity Capital Markets

GDS Holdings (ADR) / Equity Capital Markets

<p>GDS Holding, a leading data center provider in China, filed in NASDAQ to raise $230m to fund its data center expansion. While little information about the industry dynamics is mentioned in its prospectus, we spend time to understand the picture better. In this insight, we will look at:</p><ul><li>The data center industry in China and my concern in the coming years.</li><li>GDS' financials and valuation against peers.</li><li>Last but not the least, how it scores in our Smartkarma ECM framework.</li></ul>

GDS Holding, a leading data center provider in China, filed in NASDAQ to raise $230m to fund its data center expansion. While little information about the industry dynamics is mentioned in its prospectus, we spend time to understand the picture better. In this insight, we will look at:The data center industry in China and my concern in the coming years.GDS' financials and valuation against peers.Last but not the least, how it scores in our Smartkarma ECM framework.

GDS Holdings IPO: High Market Share Mirage?

China

Xiamen Kehua Hengsheng Co Ltd. manufactures power supply equipment (Uninterruptible Power Supply systems). The Company's products include online and offline UPS systems and battery systems.

GDS Holdings IPO: High Market Share Mirage?

GDS Holding, a leading data center provider in China, filed in NASDAQ to raise $230m to fund its data center expansion. While little information...

Ke Yan, CFA, FRM