Launching the green shoe mechanism means that green shoe participants will issue more stocks when there is greater demand during the IPO. Fast exercise also supports the institutional investors recognition of the companys value.
The U.S. stock market fell sharply yesterday due to the impact of Trumps new crown infection. The NASDAQ index closed at 11075.02, down 2.22%. And just listed Qinhuai data groupuff08 Nasdaq:CD uff09It bucked the trend and rose, closing at US $14 / share, up 0.72%.
Before the green shoes exercise, Qinhuai data group was warmly sought after in the subscription stage.
The reporter learned that the IPO of Qinhuai data group was warmly sought after by institutional investors in the placement stage. According to people familiar with the matter, the ratio of subscription and placement of many top funds is less than 10%, and the intensity of fund-raising can be imagined.
According to reports, the enthusiasm of institutional investors in the IPO of Qinhuai data was enthusiastic, with the oversubscription ratio 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, many top long-term funds such as Sequoia, Blackstone, Blackstone and capital group have emerged, as well as sovereign wealth funds such as cppib and Qatar Investment Authority. 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, including supply to 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.
As of June 30, 2020, Qinhuai data group has operated 196mw of it capacity in data center. Among them, there are 6 super large-scale data centers in operation in China, all of which are located in the capital rim region. Among the other 5 data centers under construction, 4 are located in the capital rim region and 1 is located in the Yangtze River Delta region. China has one belt, one road center, and the other is the data center enterprise in Southeast Asia and India. According to the data, in 2019, the total revenue of Qinhuai data reached 853 million yuan, an increase of 766% compared with 98.5 million yuan in the same period of 2018; the adjusted EBITDA was 297.5 million yuan, with a year-on-year increase of 1573%. In the first half of 2020, Qinhuai data achieved a total revenue of 811 million yuan. The adjusted EBITDA was RMB 384.8 million, with a year-on-year increase of 496%. Source: Securities Times editor in charge: Zhong Qiming_ NF5619
According to the data, in 2019, the total revenue of Qinhuai data reached 853 million yuan, an increase of 766% compared with 98.5 million yuan in the same period of 2018; the adjusted EBITDA was 297.5 million yuan, with a year-on-year increase of 1573%. In the first half of 2020, Qinhuai data achieved a total revenue of 811 million yuan. The adjusted EBITDA was RMB 384.8 million, with a year-on-year increase of 496%.