Kingsoft Cloud (KC) announced the commencement of an underwritten public offering of 18.5M of American depositary shares, each representing 15 ordinary shares of the company, or a total of 277,500,000 ordinary shares. All ADSs will be offered by Kingsoft Cloud. Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, Deutsche Bank AG, Hong Kong Branch, The Hongkong and Shanghai Banking Corporation Limited, and Merrill Lynch Limited are acting as the underwriters for the Public Offering.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KC: