BEIJING, Feb. 9, 2021 /PRNewswire/ -- Cloopen Group
Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a
leading multi-capability cloud-based communications solution
provider in China, today announced
the pricing of its initial public offering of 20,000,000 American
depositary shares ("ADSs"), each representing two (2) Class A
ordinary shares of the Company, at a price to the public of
US$16.00 per ADS for a total offering
size of US$320.0 million, assuming
the underwriters do not exercise their option to purchase
additional ADSs. The ADSs are expected to begin trading on the New
York Stock Exchange today under the symbol "RAAS." The offering is
expected to close on February 11,
2021, subject to customary closing conditions.
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 3,000,000 additional ADSs.
Goldman Sachs (Asia) L.L.C.,
Citigroup Global Markets Inc., and China International Capital
Corporation Hong Kong Securities Limited are acting as joint
bookrunners of this offering.
A registration statement related to these securities has been
filed with, and declared effective by, the SEC. This press release
shall not constitute an offer to sell or a solicitation of an offer
to buy, 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.
This offering is being made only by means of a prospectus
forming part of the effective registration statement. A copy of the
final prospectus relating to the offering may be obtained, when
available, by contacting at the following underwriters: (i) Goldman
Sachs & Co. L.L.C., Attention: Prospectus Department, 200 West
Street, New York, NY 10282-2198,
United States, or by calling
+1-866-471-2526, or by email at Prospectus-NY@gs.com; (ii)
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
50/F, Champion Tower, 3 Garden Road, Central, Hong Kong, by telephone: +852-2501-2000 or via
email at prospectus@citi.com; and (iii) China International Capital
Corporation Hong Kong Securities Limited, 29th Floor, One
International Finance Centre, 1 Harbour View Street, Central,
Hong Kong, China, by telephone at
+852-2872-2000, or via email: g_prospectus@cicc.com.cn.
About Cloopen Group Holding Limited
Cloopen Group Holding Limited is a leading multi-capability
cloud-based communications solution provider in China offering a full suite of cloud-based
communications solutions, covering communications platform as a
service (CPaaS), cloud-based contact centers (cloud-based CC), and
cloud-based unified communications and collaborations (cloud-based
UC&C). The Company's mission is to enhance the daily
communication experience and operational productivity for
enterprises. The Company aspires to drive the transformation of
enterprise communications industry by offering innovative marketing
and operational tactics and SaaS-based tools.
For more information, please visit
https://ir.yuntongxun.com/.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to 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," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Cloopen Group Holding Limited
Investor Relations
E-mail: ir@yuntongxun.com
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: raas@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: raas@tpg-ir.com
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SOURCE Cloopen Group Holding Limited