21Vianet Announces Full Exercise of Underwriters’ Option to Purchase Additional ADSs

BEIJING, Aug. 31, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that the underwriters of its previously announced follow-on offering (the “Follow-on Offering”) have exercised in full their option to purchase an additional 2,550,000 American depositary shares (“ADSs”) from 21Vianet at the public offering price of US$20.75 per ADS. Each ADS represents six of the 21Vianet’s Class A ordinary shares.

21Vianet raised a total of approximately US$390.5 million in proceeds from the public offering after the underwriters’ exercise in full of their option to purchase additional ADSs, after deducting underwriting discounts and commissions (but before expenses). 21Vianet expects to use approximately 80% of the net proceeds from this offering to expand the Company’s data center infrastructure by organic growth and strategic acquisitions; and the remaining for research and development and other general corporate purposes including debt repayment.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Jefferies LLC are acting as joint book-running managers for the Follow-on Offering.

The securities described above are being offered by 21Vianet under the Company’s shelf registration statement on Form F-3 which was filed by 21Vianet with the Securities and Exchange Commission (the “SEC”) and automatically became effective as of July 23, 2020. A preliminary prospectus supplement and a final prospectus supplement have been filed with the SEC, available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the final prospectus supplement may be obtained from: Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, NY 10010 3629, United States of America, Attention Prospectus Department; Morgan Stanley &. Co. LLC, 2nd Floor, 180 Varick Street, New York, NY 10014, United States of America, Attention Prospectus Department; or Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, NY 10022, United States of America, Attention Equity Syndicate Prospectus Department.