Details: Cheetah Mobile opening 15.25 U.S. dollars than the issue price rose 8.9%

May 8 Evening News, Cheetah movement on the New York Stock Exchange officially listed tonight, 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. Cheetah Mobile tonight, the opening price of 15.25 U.S. dollars, higher than the issue of 8.9%, the market value of about 2.1 billion U.S. dollars.

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.

This afternoon, the Cheetah Mobile announced the final offering price of 14 dollars. According to the issue price, cheetah financing amounted to 1.932 billion dollars.

The heat of the capital market extends all the way to the opening deal, with the cheetah moving at 15.25 US dollars late today, up 8% from its IPO price. According to this calculation, the Cheetah mobile market value reached nearly 2.1 billion U.S. dollars.

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.