Comment on [Update] Cheetah Mobile Prices NYSE IPO at $14 Per Share by Internet Companies Crowd Air Purifier Market as Airpocalypse Hits China - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-05-08 00:00:00

Calculated at this initial offering price, the market valuation of Cheetah Mobile’s 138 million ADS shares is expected to reach $1.932 billion after the IPO. The market valuation of Cheetah Mobile tripled in less one year, according to data from the company. Cheetah Mobile witnessed exponential growth in the past year with the number of active mobile users surged from 40 million to 220 million, of which 62% are overseas users. The U.S. and European Union constitute the largest overseas market of Cheetah Mobile. image credit: Cheetah Mobile