Chinese Data Center Operator Yovole Eyes US IPO
After a failed attempt to list in mainland China, Yovole, a leading Chinese data center operator, is now exploring an initial public offering (IPO) in the US, according to sources familiar with the matter. This move could help the company raise over $100 million.
A New Chapter for Yovole
Backed by Beijing-based alternative asset manager CDH Investments, Yovole is working with an adviser to prepare for a potential first-time share sale. The company may submit a confidential filing with US regulators as early as January, although details such as the size and timing of the IPO are still being finalized.
A Strong Track Record
Founded in 2001, Yovole provides cloud computing data center services in major Chinese cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. The company has built a strong reputation, serving prominent clients such as Alibaba Group Holding Ltd., Tencent Holdings Ltd., and China UnionPay Co.
A Fresh Start
Yovole’s previous attempt to list in China in 2020 was unsuccessful, but the company is now poised to take advantage of the US market. With its experienced management team and solid financials, Yovole is well-positioned to make a successful debut on the US stock exchange.
What’s Next for Yovole?
While the company has not commented on the potential IPO, sources indicate that deliberations are ongoing. As Yovole prepares for this significant milestone, investors will be watching closely to see how the company will fare in the US market.
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