VC-backed Chinese dating app set for $267m US IPO
Momo, a Chinese location-based social-networking app with several VC backers, will raise up to $266.8 million through a US IPO. The company has also agreed to sell shares to Alibaba Group and 58.com through a separate private placement.
Momo will reach its goal if underwriters fully exercise the overallotment option and 18.4 million American Depository Shares (ADS) are sold at the top of the $12.50-14.50 indicative range, according to...
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