GDS Global has launched itsIPO of 17.5milsharesfor a Catalist listing at 25 cents each. The IPO is priced at a PE ratio of 9.35 based on the firm's historical EPS of 2.68 cents for FY2012 and a pre‐invitation share capital of 100mil shares. It intends to recommend dividends of not less than 30% of the company's net profits attributable to shareholders in each of financial years 2013 to 2015. Application closes at noon on April 17 and trading is expected to start on April 19.

Source: The Business Times / Bloomberg / Straits Times