Kingsoft Cloud Announces Proposed Public Equity Offering 18.5M ADS Shares
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Kingsoft Cloud Announces Proposed Public Equity Offering and Concurrent Private Placement to Kingsoft Corporation
April 16, 2025 6:12 AM EDTBEIJING, April 16, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (Kingsoft Cloud or the Company) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced the commencement of an underwritten public offering (the Public Offering) of 18,500,000 of American depositary shares (the ADSs), each representing 15 ordinary shares of the Company, or a total of 277,500,000 ordinary shares (the Firm Shares). All ADSs will be offered by Kingsoft Cloud. Kingsoft Cloud expects to grant the underwriters a 30-day option to purchase additional ADSs. Investors have an option to receive ordinary shares of the Company to be... More
