Chindata, Yalla roll out IPOs in volatile markets

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By Rashmi Kumar
24 Sep 2020

Chinese companies Chindata Group Holdings and Yalla Group have kicked off their US IPOs, testing investor appetite at a time when sentiment is weak and major equity markets have taken a hit.

Chindata, which operates in the data centre industry, is eyeing up to $540m from the base offering of its IPO, which consists of 40m American depositary shares. The stock is on offer at a price range of $11.50 to $13.50, with the deal also including a greenshoe option ...

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