Kingsoft Cloud Holdings Limited (KC), a cloud service provider in China, said on Tuesday that it has priced its upsized HK$2.802 billion share offering at HK$8.29 per share.
The company intends to use 80% of the net proceeds from the placing to grow its AI business, including improving infrastructure and cloud services, and 20% for working capital and other corporate needs.
Kingsoft Cloud expects to close the placing on or before October 2, 2025, with Morgan Stanley Asia Limited appointed as the placing agent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.