KINGSOFT CLOUD's new ADS is priced at $11.27 per share, raising over $260 million in financing.

Today, KINGSOFT CLOUD announced the issuance of 18.5 million ADS shares, with each ADS priced at $11.27. As a cloud computing company, KINGSOFT CLOUD is expected to further seize the market opportunities brought by the AI era by solidifying its infrastructure and research and development capabilities. Recently, KINGSOFT CLOUD has shown strong performance in both business and financial aspects. Its Q4 revenue growth far exceeds that of its peers, with AI cloud business revenue growing by approximately 500% year-on-year, leading the industry. In addition, KINGSOFT CLOUD has reached new highs in the capital market multiple times, and has risen nearly fourfold in the past six months. Its strong market performance has gained favor from many investors. Despite recent market volatility, KINGSOFT CLOUD is still expected to raise nearly $260.7 million, demonstrating the market's recognition of the value of KINGSOFT CLOUD.