Kingsoft Cloud Announces Proposed Follow-on Public Offering of American Depositary Shares
September 21 2020 - 5:01PM
Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”)
(NASDAQ: KC), a leading independent cloud service provider in
China, today announced the commencement of the offering of
8,000,000 American depositary shares (the “ADSs”), each
representing 15 ordinary shares of the Company (the “Primary ADS
Offering”). In addition, several selling shareholders are offering
9,677,310 ADSs of the Company (the “Secondary ADS Offering” and,
together with the Primary ADS Offering, the “ADS Offering”).
Kingsoft Cloud will not receive any proceeds from the sale of ADSs
by the selling shareholder. The Company intends to grant the
underwriters of the ADS Offering a 30-day option to purchase up to
an additional 2,651,600 ADSs from the Company.
J.P. Morgan Securities LLC, UBS Securities LLC, Credit Suisse
Securities (USA) LLC, China International Capital Corporation Hong
Kong Securities Limited and Goldman Sachs (Asia) L.L.C. are acting
as the joint book-running managers for the ADS Offering.
A preliminary prospectus related to the proposed ADS Offering
has been filed with the SEC and is available on the SEC’s website
at www.sec.gov. The ADSs may not be sold nor may offers to buy be
accepted prior to the time the registration statement on
Form F-1 containing the preliminary prospectus becomes
effective under the Securities Act of 1933, as amended. A
preliminary prospectus for the offering may be obtained from (1)
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, by telephone:
1-866-803-9204, or by emailing at prospectus-eq_fi@jpmchase.com;
(2) UBS Securities LLC, Attention: Prospectus Department, 1285
Avenue of the Americas, New York, NY 10019, by telephone at
1-888-827-7275 or by emailing ol-prospectus-request@ubs.com; (3)
Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, 11 Madison Avenue, New York, NY 10010-3629, United
States of America, by telephone 1-800-221-1037, or by emailing at
usa.prospectus@credit-suisse.com; (4) China International Capital
Corporation Hong Kong Securities Limited, 29th Floor, One
International Finance Centre, 1 Harbour View Street, Central, Hong
Kong; and (5) Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York, New York 10282, telephone:
1-212-902-1171, facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com.
The Company plans to use the net proceeds from the Primary ADS
Offering for further investment in upgrading and expanding its
infrastructure, further investment in technology and product
development, funding the expansion of its ecosystem through
strategic partnership, investments and acquisitions, and other
general corporate purposes.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, nor shall
there be a sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
This press release contains information about the pending
offering of the ADSs, and there can be no assurance that the
offering will be completed.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. Kingsoft Cloud may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(“SEC”), in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to fourth parties. Statements that
are not historical facts, including but not limited to statements
about Kingsoft Cloud’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s
future business development, results of operations and financial
condition; relevant government policies and regulations relating to
Kingsoft Cloud’s business and industry; the expected growth of the
cloud service market in China; the expectation regarding the rate
at which to gain customers, especially Premium Customers; Kingsoft
Cloud’s ability to monetize the customer base; fluctuations in
general economic and business conditions in China; the impact of
the COVID-19 to Kingsoft Cloud’s business operations and the
economy in China and elsewhere generally; China’s political or
social conditions and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in Kingsoft Cloud’s filings with the SEC. All
information provided in this press release and in the attachments
is as of the date of this press release, and Kingsoft Cloud does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
About Kingsoft Cloud Holdings Limited
Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading
independent cloud service provider in China. Kingsoft Cloud has
built a comprehensive and reliable cloud platform consisting of
extensive cloud infrastructure, cutting-edge cloud products and
well-architected industry-specific solutions across public cloud,
enterprise cloud and AIoT cloud services.
For more information, please visit: http://ir.ksyun.com.
For investor and media inquiries, please
contact:Kingsoft Cloud Holdings Limited Nicole ShanTel:
+86 (10) 6292-7777 Ext. 6300Email: ksc-ir@kingsoft.com
ChristensenMs. Linda Bergkamp Phone: +1-480-614-3004E-mail:
lbergkamp@christensenir.com
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