Tech & Science Kingsoft Cloud Declares Proposed Apply-on Public Providing of American...

Kingsoft Cloud Declares Proposed Apply-on Public Providing of American Depositary Stocks Nasdaq:KC


BEIJING, Sept. 21, 2020 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Restricted (“Kingsoft Cloud” or the “Corporate”) (NASDAQ: KC), a number one impartial cloud carrier supplier in China, these days introduced the graduation of the providing of 8,000,000 American depositary stocks (the “ADSs”), every representing 15 unusual stocks of the Corporate (the “Number one ADS Providing”). As well as, a number of promoting shareholders are providing 9,677,310 ADSs of the Corporate (the “Secondary ADS Providing” and, at the side of the Number one ADS Providing, the “ADS Providing”). Kingsoft Cloud is not going to obtain any proceeds from the sale of ADSs via the promoting shareholder. The Corporate intends to grant the underwriters of the ADS Providing a 30-day choice to buy as much as an extra 2,651,600 ADSs from the Corporate.

J.P. Morgan Securities LLC, UBS Securities LLC, Credit score Suisse Securities (USA) LLC, China World Capital Company Hong Kong Securities Restricted and Goldman Sachs (Asia) L.L.C. are performing because the joint book-running managers for the ADS Providing.

A initial prospectus associated with the proposed ADS Providing has been filed with the SEC and is to be had at the SEC’s web site at The ADSs is probably not offered nor would possibly gives to shop for be permitted previous to the time the registration remark on Shape F-1 containing the initial prospectus turns into efficient below the Securities Act of 1933, as amended. A initial prospectus for the providing is also bought from (1) J.P. Morgan Securities LLC, c/o Broadridge Monetary Answers, 1155 Lengthy Island Road, Edgewood, New York 11717, via phone: 1-866-803-9204, or via emailing at [email protected]; (2) UBS Securities LLC, Consideration: Prospectus Division, 1285 Road of the Americas, New York, NY 10019, via phone at 1-888-827-7275 or via emailing [email protected] states of americacom; (3) Credit score Suisse Securities (USA) LLC, Consideration: Prospectus Division, 11 Madison Road, New York, NY 10010-3629, United States of The united states, via phone 1-800-221-1037, or via emailing at united [email protected]; (4) China World Capital Company Hong Kong Securities Restricted, 29th Ground, One World Finance Centre, 1 Harbour View Boulevard, Central, Hong Kong; and (5) Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Boulevard, New York, New York 10282, phone: 1-212-902-1171, facsimile: 212-902-9316 or via emailing [email protected]

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The Corporate plans to make use of the web proceeds from the Number one ADS Providing for additional funding in upgrading and increasing its infrastructure, additional funding in era and product building, investment the growth of its ecosystem via strategic partnership, investments and acquisitions, and different common company functions.

This press liberate shall no longer represent an be offering to promote or a solicitation of an be offering to buy any securities, nor shall there be a sale of the securities in any state or jurisdiction through which such an be offering, solicitation or sale could be illegal previous to registration or qualification below the securities regulations of this kind of state or jurisdiction.

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This press liberate incorporates details about the pending providing of the ADSs, and there may also be no assurance that the providing will probably be finished.

Protected Harbor Commentary

This announcement incorporates forward-looking statements. Those statements are made below the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Those forward-looking statements may also be recognized via terminology reminiscent of “will,” “expects,” “anticipates,” “long term,” “intends,” “plans,” “believes,” “estimates” and equivalent statements. Kingsoft Cloud may additionally make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Alternate Fee (“SEC”), in its annual report back to shareholders, in press releases and different written fabrics and in oral statements made via its officials, administrators or workers to fourth events. Statements that aren’t historic information, together with however no longer restricted to statements about Kingsoft Cloud’s ideals and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Plenty of elements may just motive exact effects to range materially from the ones contained in any forward-looking remark, together with however no longer restricted to the next: Kingsoft Cloud’s objectives and methods; Kingsoft Cloud’s long term industry building, result of operations and monetary situation; related govt insurance policies and laws with regards to Kingsoft Cloud’s industry and {industry}; the anticipated enlargement of the cloud carrier marketplace in China; the expectancy in regards to the charge at which to realize consumers, particularly Top rate Consumers; Kingsoft Cloud’s skill to monetize the buyer base; fluctuations usually financial and industry stipulations in China; the affect of the COVID-19 to Kingsoft Cloud’s industry operations and the financial system in China and somewhere else typically; China’s political or social stipulations and assumptions underlying or associated with any of the foregoing. Additional data referring to those and different dangers is integrated in Kingsoft Cloud’s filings with the SEC. All data supplied on this press liberate and within the attachments is as of the date of this press liberate, and Kingsoft Cloud does no longer adopt any legal responsibility to replace any forward-looking remark, except for as required below acceptable legislation.

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About Kingsoft Cloud Holdings Restricted

Kingsoft Cloud Holdings Restricted (NASDAQ: KC) is a number one impartial cloud carrier supplier in China. Kingsoft Cloud has constructed a complete and dependable cloud platform consisting of in depth cloud infrastructure, state of the art cloud merchandise and well-architected industry-specific answers throughout public cloud, undertaking cloud and AIoT cloud products and services.

For more info, please talk over with:

For investor and media inquiries, please touch:
Kingsoft Cloud Holdings Restricted
Nicole Shan
Tel: +86 (10) 6292-7777 Ext. 6300
Electronic mail: [email protected]

Ms. Linda Bergkamp
Telephone: +1-480-614-3004
Electronic mail: [email protected]

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