Kingsoft Cloud Holdings Limited (KC) Prices 8M ADS Offering at $31/ADS
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Kingsoft Cloud Announces Pricing of Follow-on Public Offering of American Depositary Shares
September 24, 2020 7:08 AM EDTBEIJING, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (Kingsoft Cloud or the Company) (NASDAQ: KC), a leading independent cloud service provider in China, today announced the pricing of a public 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 8,421,576 ADSs of the Company (the Secondary ADS Offering and, together with the Primary ADS Offering, the ADS Offering), at US$31.00 per ADS. Kingsoft Cloud will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company has granted... More
