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Chinese Cloud Service Provider Is Said to Mull $200 Million IPO

  • Share sale could value firm at $1 billion and happen this year
  • Cloudsky is considering US among potential listing venues

Shenzhen Cloudsky Technologies Co. is considering an initial public offering that could raise about $200 million as soon as this year, according to people familiar with the matter. 

The Chinese digital storage and computing service provider is working with advisers and is seeking a valuation of about $1 billion in the possible share sale, said the people, who asked not to be identified as the information is private. The company is weighing the US among potential listing venues, though no final decision has been made, the people said.