Chindata Group Holdings Limited, a carrier-neutral hyperscale data center solution provider, has filed Form F-1 Registration Statement on September 8, 2020 with U.S Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceed raised would up to $400 million.
The company was the first rank in the carrier-neutral hyperscale data center market in Asia-Pacific emerging markets in terms of capacity in service. They are also a 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 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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