Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kingsoft Cloud Holdings Ltd ( (HK:3896) ) has issued an announcement.
Kingsoft Cloud Holdings Ltd has announced a proposed placement of 282 million new shares to non-U.S. persons in offshore transactions, with Morgan Stanley Asia Limited as the placing agent. The proceeds from this placement will primarily support the company’s AI business expansion and infrastructure enhancement, with a smaller portion allocated to working capital and other corporate purposes. This strategic move aims to strengthen Kingsoft Cloud’s market position in the cloud services industry.
The most recent analyst rating on (HK:3896) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on Kingsoft Cloud Holdings Ltd stock, see the HK:3896 Stock Forecast page.
More about Kingsoft Cloud Holdings Ltd
Kingsoft Cloud Holdings Ltd is a company incorporated in the Cayman Islands, focusing on cloud services and AI business. It is listed on the Hong Kong Stock Exchange and trades on the Nasdaq under the ticker KC.
Average Trading Volume: 116,424,006
Technical Sentiment Signal: Buy
Current Market Cap: HK$36.7B
For an in-depth examination of 3896 stock, go to TipRanks’ Overview page.