An update from VNET Group, Inc. Sponsored ADR ( (VNET) ) is now available.
On March 18, 2025, VNET Group, Inc. announced the successful closing of its offering of US$430 million convertible senior notes due 2030. These notes, which bear an interest rate of 2.50% per annum, are intended to fund capital investment in wholesale IDC projects, working capital, and general corporate purposes. The offering is significant for VNET as it strengthens its financial position, potentially enhancing its competitive edge in the data center services market.
More about VNET Group, Inc. Sponsored ADR
VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. The company offers hosting and related services, including IDC services, cloud services, and business VPN services, to enhance the reliability, security, and speed of its customers’ internet infrastructure. VNET operates in over 30 cities across China, serving a diverse customer base of more than 7,500 enterprises, ranging from internet companies to government entities and small- to mid-sized enterprises.
YTD Price Performance: 124.90%
Average Trading Volume: 9,084,559
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.11B
For detailed information about VNET stock, go to TipRanks’ Stock Analysis page.