Chindata Group Holdings, a hyperscale data center solution provider in Asia Pacific emerging markets, has raised $540 million in a recent IPO
Chindata Group is a first mover in building next-generation hyperscale data centers in China, India and Southeast Asia markets. On Sept. 30, the Bain Capital–backed data center operator began trading 40 million American depositary shares (ADSs) at $13.50 per share on the Nasdaq Global Select Market.
Morgan Stanley & Co. and Citigroup Global Markets are acting as joint bookrunners and underwriter representatives for the offering, and UBS Securities and China Renaissance Securities are acting as underwriters.
