HK-listed Kingsoft's cloud computing spinoff files for $100m US IPO

Ocean clouds seen from space. Source: NASA

Kingsoft Cloud, the cloud computing spin-off of Hong Kong-listed Chinese software firm Kingsoft, has filed for an initial public offering (IPO) on the Nasdaq last Friday to raise up to $100 million.

Beijing-based Kingsoft Cloud, which has yet to disclose the pricing terms, first revealed the spin-off and listing plan in December 2019 as the company filed confidentially with the U.S. Securities and Exchange Commission (SEC).

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