GDS Holdings Limited (NasdaqGM:GDS) is seeking acquisitions. The company is offering 8 million American depositary shares. The net proceeds from the offering will be approximately $204.5 million, based on an assumed offering price of $26.97 per ADS. The company expects approximately $189.5 million of the net proceeds from the offering will be used in connection with the development and acquisition of new data centers, with the remaining amounts to be used for general corporate purposes.