Cloopen, also known as Ronglian and Yuntongxun, priced its shares at $16 to raise $320m in an initial public offering that provided an exit for Telstra Ventures and New Oriental.

Cloopen Group, a China-based cloud communication technology provider also known as Ronglian Cloud Communications and as Yuntongxun, has gone public following a $320m initial public offering on the New York Stock Exchange. The company issued 20 million American Depositary Shares (ADSs), representing 40 million class A ordinary shares, priced at $16 each. It listed using…

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