China's Inspur Cloud readies for STAR Market IPO as valuation hits $1.43b

China's Inspur Cloud readies for STAR Market IPO as valuation hits $1.43b

Network servers underlying cloud computing.

Inspur Cloud, a subsidiary of Chinese cloud computing and big data firm Inspur Group, announced on Tuesday the completion of a Series C round of financing, as the company is mulling an initial public offering (IPO) on the Nasdaq-style STAR Market.

Jinan-based Inspur Cloud did not disclose the funding size or investors of the new round, except that its valuation has exceeded 10 billion yuan ($1.43 billion) post the transaction.

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