Kingsoft Cloud Holdings Limited (NASDAQ: KC) has confirmed that it is considering a dual listing of its ordinary shares on the Main Board of the Hong Kong Stock Exchange, conditional to regulatory authorization and market conditions, to provide greater liquidity and protection to its shareholders in an emerging market and regulatory environment.
Meanwhile, the company is planning to continue to focus on creating long-term growth as a publicly-traded company in the United States through technology innovation in order to maximize shareholder value. Kingsoft Cloud Holdings has confirmed that despite recent stock price fluctuations, the company activities continue to run smoothly.
Shares of Kingsoft Cloud Holdings are currently listed on NASDAQ. Previously, Kingsoft Cloud Holdings has listed on Nasdaq and completed an SEC-registered initial public offering (IPO), providing 30 million American Depositary Shares for a total of $510 million. Each ADS equals 15 Kingsoft Cloud ordinary shares. The underwriters have the opportunity to buy up to 4,500,000 additional ADSs from Kingsoft Cloud. The ADSs trade under the symbol "KC" on the Nasdaq Global Select Market.
Kingsoft Cloud Holdings Limited has earned a reputation as one of China's largest independent cloud service providers. Across public cloud and enterprise cloud, Kingsoft Cloud has established a complete and dependable cloud platform that includes substantial cloud infrastructure, sophisticated cloud products, and well-architected industry-specific solutions.