Chindata Group Seeks $500 Million U.S. IPO

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About: Chindata Group Holdings Limited (CD)
by: Donovan Jones
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Summary

Chindata Group Holdings has filed proposed terms for its U.S. IPO.

The firm builds and operates hyperscale data centers in China, Malaysia and soon in India.

CD has substantial expansion plans within greater Asia in a growing industry and the IPO appears reasonably valued, so it is worth considering.

Quick Take

Chindata Group Holdings Limited (CD) has filed to raise $500 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A ordinary shares, according to an F-1 registration