Kingsoft Cloud closed its offering of 17,300,000 ADSs on Apr 17, 2025 and 18,000,000 shares on Apr 25, 2025
Kingsoft Cloud said the closing of its offering of 17,300,000 firm ADSs, representing 259,500,000 ordinary shares, took place on Apr 17, 2025, and that of 18,000,000 offer shares on Apr 25, 2025 (Hong Kong time). The underwriters exercised in full their 30-day option to buy 2,775,000 additional ADSs at US$11.27 an ADS on Apr 25, 2025, and the company said that purchase was expected to close on Apr 28, 2025 (both Hong Kong time). The firm ADSs raised gross proceeds of approximately US$194,971,000 and the offer shares approximately HK$104,940,000, before costs. The voluntary announcement is attached to a Form 6-K, in which a foreign company reports to the US Securities and Exchange Commission what it has made public, filed on Apr 25, 2025.1,2,3,4,5,6,7,8
How each figure was checked
- the closingsclosing for 17,300,000 Firm ADSs (representing 259,500,000 Underlying Shares) on April 17, 2025 and for 18,000,000 Offer Shares on April 25, 2025 (Hong Kong Time)Kingsoft Cloud voluntary announcement, Exhibit 99.1 to the Form 6-K ↗
- the underwriters' full exercise of the optionthe Underwriters exercised the Option in full on April 25, 2025 (Hong Kong Time) to purchase 2,775,000 Additional ADSs at the ADS Offer PriceKingsoft Cloud voluntary announcement, Exhibit 99.1 to the Form 6-K ↗
- the option granted to the underwritersa 30-day option to purchase up to 2,775,000 Additional ADSs at US$11.27 per Firm ADSKingsoft Cloud voluntary announcement, Exhibit 99.1 to the Form 6-K ↗
- when the closing of the option exercise was expectedexpected to take place on April 28, 2025 (Hong Kong Time)Kingsoft Cloud voluntary announcement, Exhibit 99.1 to the Form 6-K ↗
- gross proceeds of the firm ADSsapproximately US$194,971,000 (equivalent to approximately HK$1,512,468,035)Kingsoft Cloud voluntary announcement, Exhibit 99.1 to the Form 6-K ↗
- gross proceeds of the offer sharesapproximately HK$104,940,000 (equivalent to approximately US$13,527,728)Kingsoft Cloud voluntary announcement, Exhibit 99.1 to the Form 6-K ↗
- the form6-K
- the day the 6-K was filedApr 25, 2025
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The record
- Company
- Kingsoft Cloud (CIK 1795589)
- Form
- 6-K
- Accession
- 0001104659-25-039010
- Filed
- Apr 25, 2025
- Period of report
- Apr 25, 2025
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