Cloud Data Holdings, a Hong Kong-based provider of data center services, filed on Wednesday with the SEC to raise up to $16 million in an initial public offering.
The Hong Kong, China-based company plans to raise $16 million by offering 3.8 million shares at a price range of $4 to $4.50. At the midpoint of the proposed range, Cloud Data Holdings would command a market value of $88.2 million.
The company is an integrated internet infrastructure service provider. Cloud Data Holdings' business is structured across four operating segments: internet data center (IDC) services, including sourcing servers, IP addresses, and bandwidth from upstream suppliers and integrate these external resources into comprehensive service packages for which we assume primary responsibility for service delivery to enterprise customers, IDC connectivity services, cloud facilitation and support services, and other services.
The Hong Kong, China-based company was founded in 2013 and plans to list on the Nasdaq under the symbol CDN. Cathay Securities is the sole bookrunner on the deal.
