Hong Kong data center service provider Cloud Data Holdings (CDN.US) cancels its $16 million US IPO.

According to Smart Finance APP, Hong Kong data center service provider Cloud Data Holdings has withdrawn its initial public offering (IPO) plan in the United States on Wednesday. It is reported that the company submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) in January of this year, planning to list on the Nasdaq Capital Market under the stock code "CDN". The company planned to issue 3.75 million common shares with an offering price range of $4 to $4.5 per share, corresponding to a fundraising size of approximately $16 million.