Qinhuai data IPO underwriters make full allocation of green shoes

category:Finance
 Qinhuai data IPO underwriters make full allocation of green shoes


U.S. stocks fell sharply on the same day. The NASDAQ index fell 2.22% at the end of the day, while Qinhuai data group rose against the trend, closing at $14, up 0.72%.

It is understood that before the green shoes exercise, Qinhuai data group was sought after by institutional investors at the IPO subscription stage. The oversubscription ratio was close to 20 times, surpassing the recent U.S. IPO of shell and Xiaopeng, setting a new high of subscription multiple of China capital stock going to the United States in the near future.

Among the institutional investors of Qinhuai data group, several top long-term funds such as Sequoia, Blackstone, Blackstone and capital group have emerged, as well as sovereign wealth funds such as cppib and Qia. Among them, Sequoia, Shimao and country garden, as cornerstone investors of Qinhuai data groups IPO, subscribed for about 140 million US dollars of shares.

Founded in August 2015, Qinhuai data is the worlds first super large-scale data center operator with Asia Pacific emerging markets as its core business area. It mainly provides customers with the best business deployment solutions, focusing on the construction of four major capabilities, including comprehensive energy service capacity, equipment manufacturing capacity, first-class development capability and full stack cycle service capability, and provides industrial base and data Such as heart, network services and it value-added services.

At present, Qinhuai data group has independent sub brands Qinhuai data and bridgedata centers. According to Frost & Sullivan, as of the end of 2019, the company ranked first among the large-scale data center neutral operators serving Asia Pacific emerging markets, accounting for 21.5% of the market share. Important customers include byte skipping and Microsoft. Data shows that in 2019, the total revenue of Qinhuai data will reach 853 million yuan, an increase of 766% compared with 98.5 million yuan in the same period of 2018; in the first half of 2020, the total revenue of Qinhuai data will reach 811 million yuan. Source: Shanghai Securities News u00b7 China Securities Net editor: Zhang Mei_ NF2100

At present, Qinhuai data group has independent sub brands Qinhuai data and bridgedata centers. According to Frost & Sullivan, as of the end of 2019, the company ranked first among the large-scale data center neutral operators serving Asia Pacific emerging markets, accounting for 21.5% of the market share. Important customers include byte skipping and Microsoft.