Chinese company Cheetah Mobile Inc’s initial public offering raised about $168 million after its shares were priced at $14, near the top end of the expected price range.
The company sold 12 million American Depositary Shares (ADSs), which were expected to be priced between $12.50 and $14.50 per ADS. Shares of Cheetah are expected to start trading later on Thursday on the New York Stock Exchange under the symbol “CMCM”.
Beijing-based Cheetah provides security and optimization software used both in smartphones and PCs. The company is being spun-out of software maker Kingsoft Corp Ltd. CCTV’s Shraysi Tandon speaks to Sheng Fu, the company’s CEO, to find out why Cheetah chose to list in the U.S.
Cheetah Mobile Debuts on NYSEAnother Chinese tech company is trying to make a big splash abroad. Software maker Cheetah has debuted on the New York Stock Exchange-- its stock price hitting the top end of expectations.CCTV's Shraysi Tandon speaks to its CEO and to find out why he chose to list in the U.S.
CCTV’s Karina Huber sits down with Chris Ciaccia, Technology Editor with TheStreet.com, to analyze the technology sector and Alibaba’s possible U.S. expansion.