21Vianet Group (VNET)

Motley Fool  Aug 17  Comment 
Higher-than-expected revenue wasn't enough for investors.
Benzinga  Jul 8  Comment 
21Vianet Group Inc (NASDAQ: VNET) is likely to report negative FCF in the foreseeable future, with its core businesses continuing to face bandwidth pricing pressures, Morgan Stanley’s Yang Liu said in a report. He resumed coverage of the company...
Reuters  Jun 30  Comment 
* 21Vianet Group Inc announces receipt of withdrawal of buyer group's going private proposal
Benzinga  Jun 10  Comment 
Mattress Firm Holding Corp (NASDAQ: MFRM) shares touched a new 52-week low of $27.76 as the company reported a wider-than-expected loss for its first quarter and lowered its annual outlook. 21Vianet Group Inc (NASDAQ: VNET) shares touched a...
Benzinga  May 13  Comment 
Gainers 21Vianet Group Inc (NASDAQ: VNET) shares rose 8.06 percent to $14.48 in pre-market trading after dropping 10.55 percent on Thursday. NVIDIA Corporation (NASDAQ: NVDA) rose 7.82 percent to $38.35 in pre-market trading after the...
Benzinga  May 10  Comment 
Sodastream International Ltd (NASDAQ: SODA) surged 16.70 percent to $17.19. The volume of Sodastream shares traded was 1808 percent higher than normal. Sodastream reported better-than-expected Q1 results. Customers Bancorp Inc (NYSE: CUBI)...




 
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21Vianet Group (NASDAQ:VNET) is the largest carrier-neutral data center in China in terms of revenues. 21Vianet operates 47 data centers across 33 cities in China. Because the company is carrier neutral its data center are connected to all of the major carriers in China and most data centers are connected with their private fiber optic network. As a data center, 21Vianet makes money by charging its customers a fee to store information on within its data centers.[1]

The continued growth of China's middle class has vastly increased the number of individuals who have access to the Internet. As result, internet penetration, internet consumption, as well as mobile usage have risen dramatically in the country. In addition, enterprises located in China have increasingly shifted to outsourced IT options as well as cloud computing. These trends will continue to drive the demand for 21Vianet's services.[2]

The company's initial public offering of stock on the NASDAQ occurred on April 20, 2011. The company offered 13M ADSs each for $15. This was above the high end of the revised price range of $12-$13. The deal had originally been announced for 11.5M ADSs and at a price of $10-$12. The final deal was $195M, which was $68M greater than what the deal had originally been. The lead underwriters of the deal were Morgan Stanley (MS), Barclays (BCS), and J P Morgan Chase (JPM).[3]

For the full year 2010, 21Vianet announced a total revenue of $79.6M. However the company reported a net loss of $37.5M for 2010.[4]

References

  1. VNET S-1/A 2011 PROSPECTUS SUMMARY "Our Business" pg 1
  2. VNET S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" pg 2
  3. Renaissance Capital - IPO Home "21Vianet Group prices upsized IPO at $15, well above the initial range" 20 April 2011
  4. VNET S-1/A 2011 PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL DATA AND OPERATING DATA" pg 9
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