State digital opening price of 14.11 U.S. dollars up 25.7% higher than the IPO

November 22 Evening News, 3G Portal parent company Sungy Mobile today in the United States Nasdaq listing, the stock trading code is "Gomo." The first trading day, state digital opening price of 14.11 U.S. dollars, compared to the issue of 11.22 U.S. dollars rose 25.7%. According to the opening price, state digital market value reached 458 million U.S. dollars. "Click to see Real time quotes

According to the opening price, China's broadband funds hold state digital shares worth 48.4 million of dollars, IDG shares worth 95.33 million of dollars. The value of two cornerstone investors in Qihoo 360 and Jinshan network reached 20.15 million US dollars and 6.72 million dollars respectively.

In addition, state Digital CEO Deng held a stake of about 108 million U.S. dollars, President Zhang holds a stake of about 35.03 million U.S. dollars.

State Digital October 23 to the SEC to submit an IPO (initial public offering) application, ready to go to the U.S. listing, landing on the New York Exchange, the Stock Exchange code is "Gomo", plans to sell 7 million ads (US depository shares).

November 12, the State digital listing location from the NYSE exchange to NASDAQ.

Data show that, in addition to the mobile-side portal "3G Portal" (www.3g.cn), state digital assets also includes a global user's Go series applications, as well as domestic users of the 3G bookstore business. Go series apps are State digital apps for Android phones, including go desktop, go lock screen, go SMS, etc.

3G Portal is the mobile Internet industry's portal site, currently registered more than 440 million users. 3G Bookstore was founded in 2005, is state Digital independent operation of the reading cluster platform and original literature website.

State's total revenue in the second quarter of 2013 was $13.12 million, up from $6.74 million a year earlier, with a net profit of $3.6 million and a net loss of $280,000 over the same period last year. In the first half of the 2013 year ended June 30, 2013, state's total digital revenue was $22.7 million, compared with $12.22 million a year earlier.

In addition, state Digital 2012 total revenue of 30.2 million U.S. dollars, 2011 to 15.8 million U.S. dollars. State Digital 2012 to achieve profitability. Net profits in the first half of 2013 and 2012 were 5.5 million and 2.5 million respectively.

As of July 2010, state Digital has completed three rounds of financing, the total amount of tens of millions of U.S. dollars, investors, including China's broadband funds, IDG, Jafco, WI HARPER 4 VC, in Beijing, Guangzhou, Shanghai and San Francisco have four branches.