GDS International Upsizes Series B to $1.2 Billion with New Backers

Deal News | Dec 09, 2024 | PR Newswire Cision GDS International

GDS International, a leader in data center development headquartered in Singapore, has announced an increase in their Series B equity raise. The new issuance of Series B Convertible Preferred Shares has been upsized from $1 billion to $1.2 billion due to robust investor interest. Noteworthy investors participating in this major financing include the SoftBank Vision Fund and Kenneth Griffin, CEO of Citadel. These additional funds will provide GDSI with the necessary equity to develop over 1 GW of total data center capacity across Asia. The successful raise reflects strong confidence in GDSI’s strategy of expanding next-generation digital infrastructure. Jamie Khoo, CEO of GDSI, highlighted how this funding will enable the company to accelerate the creation of new data center markets, supporting a broad spectrum of industries with scalable solutions. GDSI continues to leverage over 20 years of expertise in the development of data center markets throughout Asia and plans to further its reach across the region.

Sectors

  • Data Centers
  • Finance and Investing

Geography

  • Singapore – GDS International is headquartered in Singapore, which serves as a central location for its operations.
  • Asia – GDS International is expanding its data center capacity across several countries in Asia including Malaysia, Indonesia, Thailand, and others.

Industry

  • Data Centers – GDS International operates within the data center industry, providing digital infrastructure and solutions that accommodate hyperscalers and large enterprises.
  • Finance and Investing – The involvement of investors such as SoftBank Vision Fund highlights this article's relevance to the finance and investing sector.

Financials

  • US$1.2 billion – The upsized amount of the Series B equity raise undertaken by GDS International.

Participants

NameRoleTypeDescription
GDS InternationalTarget companyCompanyGDS International is a data center pioneer developing next-generation digital infrastructure.
SoftBank Vision FundInvestorCompanySoftBank Vision Fund is providing additional investment for GDS International's Series B raise.
Kenneth GriffinInvestorPersonCEO of Citadel, Kenneth Griffin is a notable investor in GDS International's Series B financing round.
Jamie KhooCEO of GDS InternationalPersonJamie Khoo is the CEO of GDS International, a central figure in executing the company's strategy.