PE-owned Asia data center business trades up after $540m IPO
Bain Capital-controlled data center operator Chindata Group Holdings gained 20% on its NASDAQ trading debut following a $540 million IPO.
The company, which claims to be the largest player in emerging Asia’s carrier-neutral hyperscale data center industry by capacity in service, sold 40 million American Depository Shares (ADS) for $13.50...
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