Cheetah moved to visit the NYSE to determine the IPO issue price

Source: Internet
Author: User
Keywords Cheetah Mobile 14 USD 19.32 USD
Tags active users financing ipo market mobile mobile global mobile market mobile users

Cheetah Mobile officially registered on the NYSE on the evening of May 8 with the symbol of "CMCM". On the eve of the IPO, Cheetah finalized IPO offering price of 14 US dollars, and in accordance with the total share capital of 138 million ADS calculation, Cheetah Mobile market is estimated to reach 1.932 billion US dollars.

Cheetah Mobile plans to issue 12 million ADSs, raising a maximum of $ 168 million at the issue price. Which has shrunk by about 16.0% from the previously announced planned maximum financing of US $ 200 million.

As of March 31, 2014, Cheetah Mobile reached 501.1 million mobile global mobile users, an increase of 44.9% from the end of December last year. In March 2014, the monthly number of active users reached 362 million (including PC and mobile), while the number of monthly active users on mobile terminals was 223 million. 63% of monthly mobile users were overseas users.

Cheetah Mobile (formerly Kingsoft Network) CEO Fu Sheng said after the listing, Cheetah Mobile will work to further expand the mobile user base, expand the global market, and improve monetization capabilities to find strategic investment and acquisition opportunities. Make your internet and mobile experiences faster, safer and easier for users around the world. (Finish)

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