Chindata Group Holdings Limited, a carrier-neutral hyperscale data center solution provider, raised $540 million by offering 40 million Ads at $13.50, at the high end of the proposed range of $11.50 to $13.50.
The company engages in the carrier-neutral hyperscale data center market in Asia-Pacific emerging markets. They are the first mover in building next-generation hyperscale data centers in the markets they serve.
The Beijing, China-based company was founded in 2015 and booked $211 million in pro forma sales for the 12 months ended June 30, 2020. It plans to list on the Nasdaq Select Market under the symbol “CD.” Morgan Stanley and Citi are underwriters of the IPO.
The company engages Kirkland & Ellis International LLP as US Securities Counsel, and Ernst & Young Hua Ming LLP as Independent Auditor.
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