Kingsoft Cloud proposes ordinary share offering
Sep. 23, 2025 5:39 AM ETKingsoft Cloud Holdings Limited (KC) StockBy: Preeti Singh, SA News Editor
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Kingsoft Cloud (NASDAQ:KC) has proposed an offering of 282M ordinary shares in offshore transactions outside the U.S. to non-U.S. persons.
The company plans to use the net proceeds from the offering by December 31, 2028 as follows: 80% to grow its AI business, including
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