Cloopen Group Holding, a multi-capability cloud-based communications solution provider, has filed Form F-1 Registration Statement on January 19, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.
The company offers a full suite of cloud-based communications solutions, according to the same source, covering CPaaS, cloud-based CC, and cloud-based UC&C. They serve a diverse and loyal customer base consisting of enterprises of all sizes across a variety of industries, including internet, telecommunications, financial services, education, industrial manufacturing and energy.
The Beijing, China-based company was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbol “RAAS.” Goldman Sachs, Citi and CICC are underwriters of the IPO.
The company engages Wilson Sonsini Goodrich & Rosati as US Securities Counsel, and KPMG Huazhen LLP as Independent Auditor.
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