Brief: Kingsoft Cloud Holdings Limited Files For U.S. IPO Of Up To $100 Mln

Kingsoft

17/04/2020 14:21

April 17 (Reuters) - Kingsoft Cloud Holdings Limited:
    * KINGSOFT CLOUD HOLDINGS LIMITED FILES FOR U.S. IPO OF UP
TO $100
MILLION – SEC FILING
    * KINGSOFT CLOUD HOLDINGS LIMITED SAYS J.P. MORGAN,
UBS INVESTMENT BANK, CREDIT SUISSE AND CICC ARE AMONG
UNDERWRITERS TO IPO
    * KINGSOFT CLOUD HOLDINGS LIMITED SAYS INTEND TO APPLY TO
LIST
ADSS REPRESENTING ORDINARY SHARES ON NASDAQ GLOBAL SELECT MARKET
UNDER SYMBOL “KC”
    * KINGSOFT CLOUD HOLDINGS LIMITED SAYS PROPOSED IPO PRICE IS
AN
ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE
    * KINGSOFT CLOUD HOLDINGS LIMITED SAYS INTENDS TO USE ABOUT
50% OF
IPO PROCEEDS TO FURTHER INVEST IN UPGRADING AND EXPANDING
INFRASTRUCTURE
    * KINGSOFT CLOUD HOLDINGS LIMITED SAYS INTENDS TO USE ABOUT
25% OF
IPO PROCEEDS TO FURTHER INVEST IN TECHNOLOGY AND PRODUCT
DEVELOPMENT
    * KINGSOFT CLOUD HOLDINGS LIMITED SAYS INTENDS TO USE ABOUT
15% OF
IPO PROCEEDS TO FUND EXPANSION OF ECOSYSTEM AND INTERNATIONAL
PRESENCE

Source text : [https://bit.ly/2RKV2Jc]

 ((Reuters.Briefs@thomsonreuters.com;))