China’s Kingsoft sets terms for biggest US IPO since market turmoil
The IPO is the first gauge of US investor demand for Chinese companies after the fraud scandal
05 May 2020 - 21:00
New York — China's Kingsoft Cloud said on Monday it aims to sell up to $450m in stock in a US initial public offering (IPO) that could value the cloud service provider at $3.8bn.
Kingsoft will be the first major US IPO by a company that is neither a biotechnology firm nor special purpose acquisition company since the coronavirus outbreak roiled global stocks in March. These IPOs are typically immune to broader market swings...
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