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China's Aurora Mobile files for IPO of American sahres

Published 06/29/2018, 03:50 PM
© Reuters.  China's Aurora Mobile files for IPO of American sahres
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CSGN
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BIDU
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  • Chinese app services provider Aurora Mobile Limited has filed for an initial public offering of American Depositary Shares.
  • The filing comes via Goldman Sachs (NYSE:GS) (Asia), Credit Suisse (SIX:CSGN) and Deutsche Bank (DE:DBKGn) Securities.
  • It's registering a $200M offering and looking to list on Nasdaq under the symbol JG.
  • For the three months ended March 31, the company notes revenues of $20.15M and gross profit of $5.5M, leading to a net loss of $3.53M.
  • The company says it currently collaborates with Tencent (OTCPK:TCEHY), Baidu (NASDAQ:BIDU) and Alibaba (NYSE:BABA) on sourcing ad inventory, but expects it will come into competition with them as it grows.
  • F-1 statement
  • Now read: Crash Protection For Alibaba And JD.com As China Cracks Down On Fake Goods


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