On February 8, 2021, Cloopen Group Holding Limited announced the pricing of its initial public offering of 20,000,000 American depositary shares (ADSs) at a price to the public of US$16.00 per ADS for a total offering size of US$368 million with the underwriters exercising their option to purchase additional ADSs in full. The ADSs began trading on the New York Stock Exchange on February 9, 2021, under the symbol "RAAS."  Wilson Sonsini Goodrich & Rosati acted as U.S. counsel to Cloopen in the offering.

Cloopen Group Holding Limited is a leading multi-capability cloud-based communications solution provider in China offering a full suite of cloud-based communications solutions, covering communications platform as a service (CPaaS), cloud-based contact centers (cloud-based CC), and cloud-based unified communications and collaborations (cloud-based UC&C).

The Wilson Sonsini team representing Cloopen in the offering includes:​

Corporate
Dan Ouyang, Partner
Robert G. Day, Partner
Ke Li, Of Counsel
Zhenzhen Bao, Associate
Yu Ma, Associate

​Tax
Myra Sutanto Shen, Partner
Derek Wallace, Partner

Please see Cloopen's press release for more information.