Kingsoft Cloud Launches Public Offering of 18.5 Million ADSs

MT Newswires Live2025-04-16

Kingsoft Cloud Holdings (KC) said Wednesday it has started an underwritten public offering of 18.5 million American depositary shares, each representing 15 ordinary shares.

Kingsoft Cloud plans to grant underwriters, including affiliates of Morgan Stanley, Goldman Sachs, Deutsche Bank, HSBC, and Merrill Lynch, a 30-day option to purchase additional ADSs. Investors may opt to receive ordinary shares traded on the HKEX instead of ADSs.

Kingsoft Cloud's major shareholder, Kingsoft Corporation also agreed to buy ordinary shares equal to 20% of the total shares offered at a price per share equal to the public offering price per ordinary shares, in a private placement.

Proceeds from both transactions will be used to upgrade and expand infrastructure, invest in technology and product development, and for general and working capital purposes, Kingsoft Cloud said.

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Comments

  • Allen.kao
    2025-04-16
    Allen.kao
    恭喜金山雲迎來增發大跌喜訊,AI行業燒錢快速賺不夠花開始向投資人伸手再要錢,有頭腦的投資人思考金山雲以往的財報是否造假或是隱瞞行業燒錢虧損事實,總股數20%增發不是小數目,股價必須犧牲至少20%市值,投資人無腦只看雷軍名氣卻忘記企業道德標準。
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