27 Nov 2020

Chindata Group Holdings Limited’s listing of American Depository Shares on NASDAQ Stock Market

Partner Yon See Ting, Yong Shih Han, Senior Associates Sanjeve Prakasam and Looi Zhi Min from Christopher & Lee Ong acted as Malaysian counsel in connection with the offering and listing of American Depository Shares of Chindata Group Holdings Limited, a pan-Asian hyperscale Chinese data center operator backed by private equity firm Bain Capital, on the NASDAQ Stock Market. Chindata’s IPO comes at a time when investors are motivated to invest into organisations providing services in the technological infrastructure and cloud services, especially with the shift from a physical work environment to one which is more mobile and virtual in nature.