VNET Prices $137.7 Million Private Offering of Shares

MT Newswires Live

02/27

VNET Group (VNET) said Friday that it priced a private placement of 81 million Class A common shares to certain institutional investors at $1.70 per share, for gross proceeds of $137.7 million.

The company said it expects to close the offering on or about Tuesday, and proceeds will be used for general corporate purposes.

Shares of VNET were down 7.6% in early Friday trading.

Price: 10.53, Change: -0.86, Percent Change: -7.55

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