Hong Kong data center services provider Cloud Data Holdings files and set terms for a $16 million US IPO
IPO Overview
Cloud Data Holdings, a Hong Kong-based provider of data center services, filed on Wednesday with the SEC to raise up to $16 million in an initial public offering.
The Hong Kong, China-based company plans to raise $16 million by offering 3.8 million shares at a price range of $4 to $4.50. At the midpoint of the proposed range, Cloud Data Holdings would command a market value of $88.2 million.
The company is an integrated internet infrastructure service provider. Cloud Data Holdings’ business is structured across four operating segments: internet data center （IDC） services, including sourcing servers, IP addresses, and bandwidth from upstream suppliers and integrate these external resources into comprehensive service packages for which we assume primary responsibility for service delivery to enterprise customers, IDC connectivity services, cloud facilitation and support services, and other services.
The Hong Kong, China-based company was founded in 2013 and plans to list on the Nasdaq under the symbol CDN. Cathay Securities is the sole bookrunner on the deal.
About the Company
We are an integrated internet infrastructure service provider focused on delivering flexible, modular digital infrastructure solutions to enterprise customers. We aim to address these challenges by serving as a centralized service provider and coordinator between enterprise customers, Internet Data Center （IDC） infrastructure providers, and cloud service providers. Our business is structured across four operating segments: （i） IDC services, where we source servers, IP addresses, and bandwidth from upstream suppliers and integrate these external resources into comprehensive service packages for which we assume primary responsibility for service delivery to enterprise customers; （ii） IDC connectivity services, where we support IDC infrastructure providers by facilitating their service delivery to downstream clients through contract processing management, downstream client relationship management, and standby technical support; （iii） cloud facilitation and support services, which relate to the consolidation and customization of cloud resources into integrated service solutions; and （iv） other services, which consist of standalone technical support services tailored to address diverse customer needs. Pricing for these tailored solutions is determined by resources usage, service level requirements, and contract duration.