Kingsoft Cloud submits IPO documents in US

Kingsoft Cloud submitted IPO’s F-1 document in the United States, seeking to be listed on the NASDAQ Stock Exchange under the code “KC”.
However, in this initial prospectus, Kingsoft Cloud did not specify the IPO issuance range and the total number of new shares to be issued, so it is not possible to calculate the total amount of money raised.

Kingsoft Cloud submitted IPO’s F-1 document in the United States, seeking to be listed on the NASDAQ under the code “KC”.

However, in this initial prospectus, Kingsoft Cloud did not specify the IPO issuance range and the total number of new shares to be issued, so it is not possible to calculate the total amount of money raised.

Kingsoft Cloud is the number one independent cloud service provider in China and the third largest Internet cloud service provider, with more than 30 years of experience in providing services to enterprises, according to the prospectus.

The company’s income in 2019 is 3.96 billion yuan and its net profit is minus 111 million yuan.

As of the date of submission of the prospectus, Kingsoft Cloud has a total of 243 senior clients and 1,150 R&D personnel.

The lead underwriters of Kingsoft Cloud are JPMorgan Chase, UBS, Credit Suisse and China International Capital Corporation (CICC).

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/18/kingsoft-cloud-submits-ipo-documents-in-us/.

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