Kingsoft Cloud Holdings Limited Announces Offering of American Depositary Shares and Issuance of Ordinary Shares Under General Mandate

Strategic Insights -

Kingsoft Cloud Holdings Limited has issued an announcement regarding the offering of American Depositary Shares (ADSs) and the issuance of ordinary shares under the general mandate. Under the agreement, the company agreed to issue and sell 17,300,000 Firm ADSs, representing 259,500,000 underlying shares, at a price of US$11.27 per Firm ADS. Additionally, 18,000,000 Offer Shares with an aggregate nominal value of US$18,000 will be issued at a price of HK$5.83 per Offer Share. The company also granted the underwriters an option to purchase up to 2,775,000 Additional ADSs. The total number of relevant shares, assuming the option is fully exercised, represents approximately 8.4% of the existing issued ordinary shares and approximately 7.7% of the issued ordinary shares as enlarged by the allotment and issue of the mentioned relevant shares.

Key Takeaways:

  • The company has agreed to issue and sell 17,300,000 Firm ADSs, representing 259,500,000 underlying shares, at a price of US$11.27 per Firm ADS.
  • The company will also issue 18,000,000 Offer Shares with an aggregate nominal value of US$18,000 at a price of HK$5.83 per Offer Share.
  • The underwriters have been granted an option to purchase up to 2,775,000 Additional ADSs.
  • The total number of relevant shares, assuming the option is fully exercised, represents approximately 8.4% of the existing issued ordinary shares.
  • The company has 3,805,284,801 ordinary shares in issue as at the date of this announcement.
  • The offering may or may not proceed, subject to the satisfaction of the conditions set out in the Underwriting Agreement.
  • Shareholders and potential investors are advised to exercise caution when dealing in the shares or other securities of the company.

Statistics:

  • 17,300,000 Firm ADSs will be issued at a price of US$11.27 per Firm ADS.
  • 259,500,000 underlying shares will be issued with an aggregate nominal value of US$259,500.
  • 18,000,000 Offer Shares will be issued at a price of HK$5.83 per Offer Share, with an aggregate nominal value of US$18,000.
  • The company has granted the underwriters an option to purchase up to 2,775,000 Additional ADSs, issuable in connection with the offering.
  • The total number of relevant shares, assuming the option is fully exercised, represents approximately 8.4% of the existing issued ordinary shares.
  • The company has 3,805,284,801 ordinary shares in issue as at the date of this announcement.

Sources:

  • Hong Kong Stock Exchange announcement (2025/0417/2025041700061)