21Vianet Group (VNET)

Benzinga  Dec 1  Comment 
21Vianet Group (NASDAQ: VNET) shares climbed 3.40% to $19.46. The volume of 21Vianet Group shares traded was 618% higher than normal. 21Vianet announced a $296 million investment from Kingsoft, Xiaomi and Temasek. RE/MAX Holdings (NYSE: RMAX)...
TheStreet.com  Dec 1  Comment 
NEW YORK (TheStreet) -- Shares of 21Vianet Group are up 5.57% to $19.87 after it was reported that the Chinese Internet data center services provider entered into a definitive share purchase agreement with Kingsoft Corp., Xiaomi Corp. and...
Benzinga  Dec 1  Comment 
21Vianet Group Inc (NASDAQ: VNET) spiked almost 8 percent in the premarket following news of a $296 million investment from Kingsoft, Xiaomi and Temasek According to the company’s press release, “affiliates of Kingsoft Corporation Limited,...
Benzinga  Dec 1  Comment 
Groupon (NASDAQ: GRPN) shares jumped 4.78% to $7.89 in pre-market trading after Bank of America upgraded the stock from Neutral to Buy and raised the price target from $8 to $9.50. Lions Gate Entertainment (NYSE: LGF) shares surged 3.72% to...
Benzinga  Nov 26  Comment 
Analysts at Canaccord Genuity downgraded 21Vianet Group (NASDAQ: VNET) from Buy to Hold. The price target for 21Vianet Group is set to $19. 21Vianet Group shares have surged 17.75% over the past 52 weeks, while the S&P 500 index has gained...
Benzinga  Nov 26  Comment 
Benzinga  Nov 21  Comment 
In a report published Friday, Stifel analyst Matthew Heinz reiterated a Buy rating on 21Vianet Group (NASDAQ: VNET), but lowered the price target from $33.00 to $28.00. In the report, Stifel noted, “21Vianet is scheduled to report 3Q14 results...
TheStreet.com  Oct 21  Comment 
NEW YORK (TheStreet) -- Shares of 21Vianet Group Inc.a aare up 6.59% to $19.40 followingaPacific Crest analyst Cheng Cheng's positive reviews of the company afteraa recent trip to China, Barron's reports. The Internet data center services...


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]


  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
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