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Chindata Grows But Founder CEO's Abrupt Departure Raises Risks


  • Chindata went public in September 2020, raising $540 million in a U.S. IPO of its ADSs.
  • The firm builds and operates hyperscale and prefabricated data centers in China and Southeast Asia.
  • CD has grown revenue and produces profits but faces significant Chinese regulatory risks.
  • The recent abrupt resignation of the founder and CEO has raised further questions about the company, so my short-term outlook is Neutral.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

Shot of Asian IT Specialist Using Laptop in Data Center Full of Rack Servers. Concept of High Speed Internet with Pink Neon Visualization Projection of Binary Data Transfer

gorodenkoff/iStock via Getty Images

A Quick Take On Chindata Group

Chindata Group (NASDAQ:CD) went public in September 2020, raising gross proceeds of approximately $540 million in a U.S. IPO that priced at $13.50 per ADS.

The firm operates carrier-neutral

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This article was written by

Donovan Jones profile picture

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and software companies.

He also leads the investing group

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which offers: actionable information on growth stocks through first look S-1 filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (2)

Bill Stoller profile picture
The core issue has always been the fact ByteDance is over 80% of revenue, making CD uninvestable.
This was prior to the CCP regulation risks.
Other than that it is a winner.
@Bill Stoller indeed, other than that Mrs. Lincoln, how was the play?
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