Chinese Data Center Operator Yovole Is Said to Consider US IPO

Yovole is considering an initial public offering in the US, people familiar with the matter said, years after the Chinese data center operator’s failed attempt to list in mainland China.

The company, which is backed by Beijing-based alternative asset manager CDH Investments, is working with an adviser on a potential first-time share sale that may help it raise more than $100 million, the people said, asking not to be identified discussing a private matter. Yovole may consider submitting a confidential filing with US regulators as soon as in January, the people said.

Deliberations are ongoing and details such as ...