Xiaomi-backed Kingsoft Cloud tests appetite for US IPO

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By Jonathan Breen
20 Apr 2020

Kingsoft Cloud Holdings has launched a virtual pre-deal investor education process for its $100m Nasdaq IPO, according to a source close to the deal.

The company is being spun off by its Hong Kong-listed parent Kingsoft Corp. It filed draft documents for the listing of American Depository Shares (ADS) with the US regulator on April 17.

The subsidiary is working with CICC, Credit Suisse, JP Morgan and UBS as the bookrunners for ...

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