IPO cold snap hit, cheetah move the financing scale compressed 33%


cloud network hunting note: despite the smell the latest wave of IPO boom, but participating firms may not feel real happy time is so short. Now, the United States technology stocks plunging, gradually in the capital markets. This for cheetah is under the IPO process, there is no doubt that’s bad news.

cheetah mobile company (the former golden hill network, hereinafter referred to as the “cheetah”) to update the prospectus again today, will be the highest scale of financing by the previous $300 million narrowed to $200.1 million.

move the cheetah plans to issue 12 million American depositary shares (ADS), prices are expected to issue between $12.50 to $14.50. In addition, the cheetah also granted the underwriters 1.8 million ADS greenshoe option, for offering price minus the underwriters of the discount price.

after an update, the cheetah mobile stock trading code identified as “CMCM”.

cheetah 3 of this month, to the securities and exchange commission (SEC) filed application documents (IPO), in the United States to apply for the New York stock exchange (NYSE), plans to raise up to $300 million.

the prospectus shows that kingsoft directly hold cheetah with 54.09% of the shares issued, cheetahs will be issued to investors and sales equivalent to its current 15% of new equity, equity kingsoft stake will be diluted to 47%.

in June 2013, kingsoft and tencent overweight cheetah, for $5.2223 million, $5.2223 million, respectively, the new shares about 10% of the total equity of enlarged cheetahs, including jinshan software (1%), tencent (9%). This means that the cheetah was valued at $500 million, which means less than 1 year time, cheetah valuation increased by more than 400%.

the cheetah company revenue of RMB 2013 in 749.9 million, up 160.4% from a year earlier. Net income of 62 million yuan, up 532.6% compared with the loss of 30.2 million yuan (2011).

Morgan Stanley international, inc., j.p. Morgan securities firms, credit suisse and Macquarie capital securities company (USA) company as a cheetah the underwriters of ipos.

the operational data

at the same time of the last update the prospectus, cheetah mobile released the latest user data.

from the whole, in February 2014, cheetah move on the application of all active users of 340.7 million active users; In March 2014, its 222.5 million active users for mobile applications; As of March 31, 2014, the mobile terminal application installed capacity has exceeded 502.1 million.

cheetah cleaning master: as of March 31, 2014, the installed capacity of 237.3 million. In March 2014, the monthly active users for 2014, daily active users for 72.9 million.

jinshan phone DuBa international version: as of March 31, 2014, the installed capacity of 25.6 million. In March 2014, the monthly active users for 2014, daily active users for 11.5 million.

jinshan battery doctor: as of March 31, 2014, the installed capacity of 201.7 million. In March 2014, the monthly active users for 2014, daily active users for 26.2 million.

jinshan phone DuBa: in February 2014, the $124.1 million monthly active users, active users for 48.4 million.

the phase space (Photo Grid, July 2013) : as of March 31, 2014, the installed capacity of 62.7 million. In March 2014, the monthly active users for 2014, daily active users for 3.3 million.

cheetah browser: in February 2014, the $46.3 million monthly active users, active users for 15.6 million.

in addition, in view of the platform products, cheetah also update the relevant data.

Duba.com personal start page: in February, 2014, in 51.7 million active users.

cheetah personalized recommendation engine: in February 2014, the monthly active users for 46.3 million.

the game center: as of March 31, 2014, issued a total of 570 games. Compared with the previously announced the end of 2013 the number of, increased by 42.5%.

source: tencent technology