Kingsoft Cloud Announces Pricing of Initial Public Offering
May 08 2020 - 06:26AM
Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or
the “Company”), the largest independent cloud service provider in
China, today announced that it has priced its initial public
offering of 30,000,000 American depositary shares (“ADSs”)
(equivalent of 450,000,000 ordinary shares), at US$17 per ADS for a
total offering size of approximately US$510 million before exercise
of over-allotment option for underwriters to purchase additional
ADSs. Each ADS represents 15 ordinary shares of the Company. The
ADSs are expected to begin trading on the NASDAQ Global Market
today under the ticker symbol “KC.”
The Company has granted the underwriters an option,
exercisable within 30 days from the date of the final prospectus,
to purchase up to an aggregate of 4,500,000 additional ADSs
(equivalent of 67,500,000 ordinary shares).
J.P. Morgan Securities LLC, UBS Securities LLC,
Credit Suisse Securities (USA) LLC and China International Capital
Corporation Hong Kong Securities Limited, are acting as joint book
runners for the offering.
A registration statement relating to the offering
has been filed with, and declared effective by, the U.S. Securities
and Exchange Commission. This press release does not constitute an
offer to sell or a solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these 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.
The offering of the securities is being made only
by means of a prospectus forming a part of the effective
registration statement. A copy of the final prospectus relating to
the offering may be obtained, when available, by contacting the
following underwriters:
J.P. Morgan Securities LLCc/o Broadridge Financial
Solutions1155 Long Island AvenueEdgewood, New York 11717Phone:
+1-866-803-9204Email: prospectus-eq_fi@jpmchase.com
UBS Securities LLC Attention: Prospectus
Department25th Floor, 1285 Avenue of the AmericasNew York, New York
10019Phone: +1-888-827-7275 Email:
ol-prospectus-request@ubs.com
Credit Suisse Securities (USA) LLCAttention:
Prospectus DepartmentEleven Madison AvenueNew York, NY 10010Phone:
+1-800-221-1037 Email: usa.prospectus@credit-suisse.com
China International Capital Corporation Hong Kong
Securities Limited29th FloorOne International Finance Centre1
Harbour View Street, Central, Hong KongEmail:
g_prospectus@cicc.com.cn
About Kingsoft Cloud Holdings
Limited
Kingsoft Cloud Holdings Limited (NASDAQ: KC)
(“Kingsoft Cloud” or the “Company”) is the largest 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. As an independently
operated company, Kingsoft Cloud is able to fully mobilize its
resources towards the innovation of its business models and provide
high-quality services to all kinds of businesses and organizations.
With its focus squarely on its cloud business, Kingsoft Cloud is
able to avoid potential conflicts of interest with its customers
and enhance its neutral position, which in turn gains additional
trust from more and more customers.
For more information, please
contact:
Kingsoft Cloud Holdings
Limited
Ms. Nicole ShanPhone: +86-10-6292-7777 Ext.
6300E-mail: ksc-ir@kingsoft.com
Christensen
In ChinaMr. Christian ArnellPhone:
+86-10-5900-1548E-mail: carnell@christensenir.com
In USMs. Linda BergkampPhone:
+1-480-614-3004E-mail: lbergkamp@christensenir.com
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