Cloopen Group Holding Limited

RAAS

We are the largest multi-capability cloud-based communications solution provider in China, as measured by revenues in 2019, according to the CIC report(8). We are the only provider in China that offers a full suite of cloud-based communications solutions, according to the same source, covering CPaaS, cloud-based CC, and cloud-based UC&C. We serve a diverse and loyal customer base consisting of enterprises of all sizes across a variety of industries, including internet, telecommunications, financial services, education, industrial manufacturing and energy.

China's cloud-based communications industry is still in the early stages of development relative to more mature markets globally, and is experiencing significant transformation driven by rapid advancements in cloud and AI technologies. Enterprises in China increasingly focus on digital solutions and are adopting new technologies to improve the efficiency and quality of their intra- and extra-organizational communications. We believe that we are well-positioned to capitalize on this great opportunity in the emerging China market and continue to contribute to the growth of this market. As an industry pioneer, we have accumulated extensive expertise, and developed a variety of proprietary products and services characterized by quality and reliability, to enable seamless connectivity across telecommunications networks.

We believe that we are well adapted to serve China's unique market dynamics, leveraging our deep-rooted experience in China's cloud-based communications industry and insights in the specific communications needs of domestic enterprises. With our comprehensive business portfolio and feature-rich solutions, we can accommodate the disparate demands of a broad range of customers across public and private clouds, from small- to medium-sized enterprises to large enterprises. We have developed a highly efficient product development ecosystem, which enables us to capture complex and evolving customer demands and develop new and enhanced features and products that continue to represent compelling value propositions across our customer base. Moreover, we have developed industry-specific solutions with targeted features and functionalities for a number of players in industries, making it efficient for us to scale expediently among enterprises within the same industries. 

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$16.00 20,000,000 Positive High 126.82%

Offering Team

Deal Managers

  • Goldman Sachs
  • Citigroup
  • CICC

Lawyers

  • Skadden, Arps, Slate, Meagher & Flom LLP

Auditors

  • KPMG Huazhen LLP

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

09 Feb, 2021

Offer

09 Feb, 2021

Look Ahead

Lock Up Expiry

09 Aug, 2021

Earning

Nov 1, 2018

IPO Terms

Offer Price $16.00
Offer Size 20M

Market Sentiments

Stock Price