Brief: Kingsoft Corp Updates On Listing Of Kingsoft Cloud Holdings On Nasdaq

Kingsoft

08/05/2020 05:26

May 8 (Reuters) - Kingsoft Corp Ltd  3888.HK :
    * PRICING OF AMERICAN DEPOSITARY SHARES WAS FIXED ON 7 MAY
(NEW
YORK TIME)
    * INITIAL PUBLIC OFFER PRICE WAS FIXED AT US$17 PER ADS 
    * TRADING IN AMERICAN DEPOSITARY SHARES ON NASDAQ TO START
ON 8
MAY (NEW YORK TIME)
    * UNDER OFFERING 30.0 MLN ADSS WILL BE ISSUED BY KINGSOFT
CLOUD,
REPRESENTING ABOUT 13.9% OF ISSUED SHARE CAPITAL OF KINGSOFT
CLOUD 
    * UNDERWRITERS TO KINGSOFT CLOUD OFFERING HAVE OPTION TO
PURCHASE
UP TO ADDITIONAL 4.5 MILLION ADS UNDER OVER-ALLOTMENT OPTION
    * TOTAL NUMBER OF ADS TO BE SOLD UNDER KINGSOFT CLOUD
OFFERING TO
REPRESENT ABOUT 15.6% STAKE IN KINGSOFT CLOUD

Source text for Eikon:  ID:nHKS924gPv 
Further company coverage:  3888.HK 

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