O’Melveny Worldwide

O’Melveny Represents Sponsors and Underwriters in the US$1.67 Billion Hong Kong Secondary Listing of GDS Holdings Limited

November 2, 2020


HONG KONG—November 2, 2020—O’Melveny represented J.P. Morgan, BofA Securities, CICC and Haitong International as joint sponsors and other underwriters in the approximately HK$12.94 billion (US$1.67 billion) secondary listing of GDS Holdings Limited on the Main Board of the Hong Kong Stock Exchange (“HKEx”). If the over-allotment option is exercised in full, the offering size will increase to approximately HK$14.88 billion (US$1.92 billion). 

GDS Holdings Limited has been listed on the Nasdaq since November 2, 2016 and is the largest PRC-based carrier-neutral data center service provider. GDS has a 19-year track record of successful delivery of service delivery and nationwide presence in the PRC. Its homecoming listing on the HKEx on the 4th anniversary of its Nasdaq initial public offering was widely welcomed by investors at home and abroad. The Hong Kong Offer Shares and the International Offer Shares were oversubscribed for 6.4 and 8.4 times, respectively.

The O’Melveny team was led by partners Ke Geng, Edwin Kwok, Ke Zhu and John-Paul Motley, and included counsel Ye Sun, Lillian Cheung, Wei Liu and Qianyu Hu, associates Weigang Meng, Edward Poon and Katherine Wang, senior legal assistant Hilda Leung, trainee solicitor Cherry Ma, paralegal Ronald Lam and legal consultants Alicia Zheng, Elle Mei, and Tiffany Liu.

O’Melveny was pleased to work with the joint sponsors and underwriters on this landmark transaction. This transaction marks a cornerstone of O’Melveny’s market leadership in capital markets and financings, secondary listings and new economy spheres.

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Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000