The company’s American depositary shares, each representing eight Class A ordinary shares of the company, will continue to be listed and traded on the Nasdaq Global Market.
The company said that investors in the offering will only be able to purchase Class A ordinary shares and not ADSs.
Upon listing in Hong Kong, the Class A ordinary shares listed on the Hong Kong Stock Exchange will be fully fungible with the Class A ordinary shares represented by ADSs listed on Nasdaq, according to the company.
The company plans to use the net proceeds received from the Offering primarily for expanding its platform of high-performance data centres through strategic sourcing across markets and innovating and developing new technologies related to data centre design, construction and operations, as well as other general corporate purposes.
The offering initially comprises 8,000,000 new shares for the Hong Kong Public Offering and 152,000,000 new Shares for the international offering (the “International Offering”), representing approximately 5.0% and 95.0% of the total number of shares in the Offering.
The total number of shares available in the Hong Kong Public Offering could be adjusted to up to a maximum of 32,000,000 new shares, representing approximately 20% of the total number of shares initially available in the Offering.
The company expects to grant the international underwriters an over-allotment option to purchase up to an additional 24,000,000 new shares in the International Offering, representing no more than 15.0% of the total number of shares initially available in the Offering.
