Chindata to price $540m US IPO high

By Jonathan Breen
30 Sep 2020

Chinese data centre operator Chinadata Group Holdings has guided investors to the top of price guidance for its Nasdaq listing, eyeing $540m from the deal, according to a source familiar with matter.

The issuer is floating 40m American depositary shares (ADS), each representing two of its class A ordinary shares. The offer also includes a 15% greenshoe of 6m additional ADS. 

Lead underwriters Citi and Morgan Stanley, working with China Renaissance and UBS, marketed the stock at between $11.50 and $13.50 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial