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Bain-backed Chinese data center operator Chindata prices US IPO at $13.50 high end

September 30, 2020
CD

Chindata Group Holdings, an integrated data center operator focusing on Asia-Pacific emerging markets, raised $540 million by offering 40 million ADSs at $13.50, the high end of the range of $11.50 to $13.50. Chindata Group Holdings plans to list on the Nasdaq under the symbol CD. Morgan Stanley, Citi, UBS Investment Bank and China Renaissance acted as lead managers on the deal.