IFLR1000

Kingsoft Cloud Nasdaq IPO

12/5/2020
IPO
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$ 510 million

Completed

12/5/2020

Overview:

  • Kingsoft Cloud Holdings has launched an SEC-registered IPO and listed on Nasdaq, offering 30 million American Depositary Shares for total proceeds of $510 million.
  • Kingsoft Cloud is the largest independent cloud service provider in China and its offering is one of the larger offerings during the pandemic period. 

Adam Majeed - IFLR1000

Jurisdictions:

United States
China

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:
Davis Polk & Wardwell

Party: Kingsoft Cloud Holdings (Issuer)

Lawyer: James Lin

Fangda Partners

Party: Kingsoft Cloud Holdings (Issuer)

Han Kun Law Offices

Party: JP Morgan Securities (Joint bookrunner)

Party: UBS Securities (Joint bookrunner)

Party: Credit Suisse Securities (Joint bookrunner)

Party: CICC (Joint bookrunner)

Kirkland & Ellis

Party: JP Morgan Securities (Joint bookrunner)

Party: UBS Securities (Joint bookrunner)

Party: Credit Suisse Securities (Joint bookrunner)

Party: CICC (Joint bookrunner)

Lawyer: David Zhang

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