GDS International Raises Series B to $1.2 Billion

GDS International, a leader in data center development headquartered in Singapore, announced a significant increase in its Series B Convertible Preferred Shares issuance, expanding from an initial $1 billion to $1.2 billion while maintaining its pre-money equity valuation. This expansion was supported by prominent new investors, including the SoftBank Vision Fund and Kenneth Griffin, CEO of Citadel. The funds from the Series B issuance are expected to provide GDS International with sufficient equity to capitalize on over 1 GW of total data center capacity development. CEO Jamie Khoo expressed excitement over the strong investor support, emphasizing the capital raise's success as a testament to GDS International's strategic vision. The company plans to use the additional funds to rapidly expand into new data center markets and deliver advanced digital infrastructure solutions. With over 20 years of experience, GDS International aims to pioneer the SIJORI region as a global hub for data centers, fostering innovation and growth in Southeast Asia and beyond. The completion of the Series B issuance is anticipated by the end of the year.