Summary: View the latest market Cheetah Mobile listing rose 0.71% May 9 Morning News, Cheetah Mobile in Thursday on the New York Stock Exchange officially listed, the stock code for CMCM, the issue price for each share of the United States Depository Shares (ADS) 14 U.S. dollars, to calculate the Cheetah mobile market View the latest market
Cheetah Mobile Listing rises 0.71%
May 9 Morning News, Cheetah Mobile Thursday on the New York Stock Exchange officially listed, the stock code is "CMCM", the issue price for each share of the U.S. Depository Shares (ADS) 14 U.S. dollars, to calculate the Cheetah mobile market value will reach 1.932 billion U.S. dollars. The cheetah's first day closed at 14.1 dollars, up 0.71% from its IPO price.
Cheetah Mobile April 3 to the U.S. Securities and Exchange Commission (SEC) submitted a prospectus, plans to raise up to 300 million U.S. dollars. April 4, the cheetah updated the prospectus, the maximum financing scale from the previous 300 million U.S. dollars to 200.1 million U.S. dollars. Cheetah Mobile The proposed release of 12 million U.S. Depository Shares (ADS) is expected to issue a price between 12.50 dollars to 14.50 U.S. dollars. In addition, the cheetah has granted the underwriters 1.8 million copies of ads over the placement price minus the discount given to underwriters.
In the afternoon of Thursday, Cheetah Mobile announced the final offering price of 14 dollars. According to the price, the cheetah's market value reached 1.932 billion dollars.
The heat of the capital market extends all the way to the opening deal, and the cheetah moves 15.25 US dollars, up 8% from the IPO price.
Following the listing, the Cheetah Mobile founder and CEO Fu holds a 17% per cent stake in the cheetah movement and is valued at $357 million per opening, according to information disclosed by the prospectus.
Institutional investors, according to the open price calculation, after the listing, the Cheetah Mobile largest shareholder Jinshan Holdings 54.1% of the shares, worth nearly 1.14 billion U.S. dollars.
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