IPOs
By The Online Investor Staff, updated Thu., Oct. 1, 12:20 AM
| This Slide: #1 of 15 |
Slide #1. Chindata Group Holdings Limited — Initial Public Offering
Company:
Chindata Group Holdings Limited
Proposed Symbol:
CD
Shares Offered:
40,000,000
Price Per Share:
$13.50
Over-Allotment:
6,000,000
Description:
Chindata Group Holdings Limited ("Chindata Group"), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced the pricing of the initial public offering (IPO) of 40,000,000 American Depositary Shares (ADSs) at $13.50 per ADS for a total offering size of US$540 million. Each ADS represents two Class A ordinary shares of Chindata Group. The ADSs are expected to begin trading on the Nasdaq Global Select Market on September 30, 2020 under the symbol "CD." The closing of the offering is expected to occur on October 2, 2020, subject to the satisfaction of customary closing conditions.In addition, the Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 6,000,000 additional ADSs.
