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Late last week a Chinese company called Kingsoft Cloud filed to go public in the United States. The cloud infrastructure business plans to note on the Nasdaq under the sign “KC,” with J.P. Morgan, UBS and Credit Suisse helping out with running the deal.
Kingsoft Cloud has a$ 100 million placeholder figure in its F-1 filing, providing us an idea of its expectations for the size of the public offering. According to Crunchbase data, Kingsoft Cloud raised almost $1 billion while private.
There are a couple of concerns to address:
- Does Kingsoft take on Alibaba’s cloud jobs that the Chinese tech giant just promised to invest $28 billion building out!.
- ?.!? Is it a financially feasible organisation?
- What are we expected to think of an IPO in this economy?
What does Kingsoft Cloud do?
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.