Sequoia-Backed Ming Yuan Cloud Is Oversubscribed by 98 Times
Ming Yuan Cloud (00909:HK) was oversubscribed by 98 times. The China's real estate SaaS leader planned to issue 37.5 million shares to the public, accounting 10% of its total share.Ming Yuan Cloud's six cornerstone investors are Hillhouse, GIC, China SOE Structural Adjustment Fund, Sequoia, Black Rock and Fidelity International.
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