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Home > Data Center > ChinData aims $500M IPO

ChinData aims $500M IPO

ChinData Group has selected Citigroup, Credit Suisse Group AG, and Morgan Stanley for its initial public offering this year.

Erdem Yasar by Erdem Yasar
January 17, 2020
in Cloud Computing, Data Center
1 min read
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ChinData aims $500M IPO
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ChinData‘s public offering could raise as much as $500 million and it is expected to happen in the USA. Chinese data center operator raised $201 m from its latest IPO in the USA back in 2016 and seeking a public listing to fund expansion.

Pan-Asian data center platform

Bain merged ChinData with its existing portfolio company Bridge Data Centers with the investment it made last year. The combined group has facilities in China, India, and Southeast Asia, to form a pan-Asian data center platform. ain, ChinData, Citigroup, Credit Suisse, and Morgan Stanley declined to comment about the IPO.

Source: 1

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Tags: Chindata Group HoldingsIPO
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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