Kingsoft Cloud Holdings Limited announced on September 23, 2025, the pricing of an upsized HK$2,802 million offering of 338,000,000 ordinary shares at an offering price of HK$8.29 per share. The company expects to close the placing on or before October 2, 2025.
The company plans to allocate 80% of the net proceeds from this offering to support its AI business, including expanding infrastructure and enhancing cloud service capabilities. The remaining 20% will be used to replenish working capital and for other corporate purposes.
This capital injection is crucial for Kingsoft Cloud's strategic pivot towards AI, enabling it to invest aggressively in the necessary computing resources and technological advancements. This move reinforces the company's commitment to capturing a leading position in the burgeoning AI cloud market.
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