Fangda assists Kingsoft Cloud in dual-market refinancing in the U.S. and Hong Kong

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Fangda assists Kingsoft Cloud in dual-market refinancing in the U.S. and Hong Kong

Description
Law Firm

  • Recently, China’s leading cloud service provider Kingsoft Cloud Holdings Limited (“Kingsoft Cloud”, NASDAQ: KC, HKEX: 3896) carried out a concurrent refinancing transaction in both the United States and Hong Kong, with total proceeds of up to approximately USD 290 million. This transaction is the largest follow-on offering by a U.S.-listed Chinese company since 2024.

    As Kingsoft Cloud’s long-term legal partner, Fangda Partners once again acted as the PRC legal counsel to the issuer, providing comprehensive legal services throughout the transaction. Fangda previously assisted Kingsoft Cloud in its U.S. IPO, U.S. follow-on offering and dual primary listing on the HKEX.

    The team advising on this transaction was led by partners Jeffrey DING and WEI Jianbo. Team members included counsel Cassie CHANG and associates Zoe Hu and Amanda Yu.

  • Law Firms
  • image-27804
2025-05-09
REGION:
  • China

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