Xiaomi-backed Kingsoft Cloud launches ADS follow-on

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By Jonathan Breen
22 Sep 2020

Kingsoft Cloud Holdings has hit the market with a follow-on offering of new and existing American Depository Shares (ADS).

The cloud-based software service provider, which floated on the Nasdaq in May this year,  is offering 17.7m ADS in total, with each representing 15 of its ordinary shares. The company is selling 8m ADS, while the rest are being provided by a group of shareholders including entities ...

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