RAAS News

The IPO frenzy continued this past week as 17 IPOs and 26 SPACs entered the public market. Headlining the week were dating app Bumble (BMBL), which completed the year's largest deal so far, and Chinese cloud services provider Cloopen Group (RAAS), which bagged the biggest pop of 2021 to date. Bumble (BMBL) priced further...read more

Cloopen Group Holding (RAAS) finished its first day of trading on Tuesday at $48, a 200% gain for the Chinese provider of cloud-based communication services. The company raised $320 million at a market cap of $2.35 billion. By Tuesday's close, Cloopen commanded an enterprise value of $6.6 billion (58.5x LTM sales)... ...read more

Cloopen Group Holding, which provides cloud-based communication services in China, raised $320 million by offering 20 million ADSs at $16, above the range of $13 to $15. In terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based...read more

Updated Monday, 2/8. The IPO market is buzzing with 15 IPOs slated to raise $4.0 billion in the week ahead, led by dating app Bumble’s billion-dollar offering. Bumble (BMBL) plans to raise $1.7 billion at a $7.5 billion market cap. The company operates the Bumble and Badoo apps, the world’s second and fourth highest grossing dating...read more