Simpson Thacher represented the joint sponsors in the Hong Kong dual primary listing of Kingsoft Cloud Holdings Limited (“Kingsoft Cloud”) (NASDAQ: KC) (HKSE: 3896) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited. J.P. Morgan and CICC acted as the joint sponsors.
Kingsoft Cloud offers various cloud services to customers in strategically selected verticals. With extensive cloud infrastructure, advanced cloud products based on their vigorous cloud technology R&D capabilities, industry-specific solutions and end-to-end fulfillment and deployment covering all project stages for customers, they achieved business and financial growth.
The Simpson Thacher team for the transaction included Christopher Wong, Yi Gao, Carol Chan, Cherrie Zhang, Emily Yiu, Karen Shih, Justin T. Guo and Ray Chang (Capital Markets); and Jonathan Cantor and Preston Irace (Tax).