Chinese security software maker Cheetah Mobile files for U.S. IPO
Security software maker Cheetah Mobile Inc, a unit of Chinese software company Kingsoft Corp Ltd , filed with U.S. regulators on Wednesday to raise about $300 million in an initial public offering of American Depositary Shares.
Beijing-based Cheetah, formerly known as Kingsoft Internet Software Holdings Ltd, told the U.S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, J.P.Morgan, Credit Suisse and Macquarie Capital were underwriting the IPO. (r.reuters.com/dyr28v)
The filing did not reveal how many shares the company planned to sell or their expected price. Kingsoft Corp, which makes entertainment, internet security and office software, applied to the Hong Kong Stock Exchange In January for permission to spin off its security software business.
