VC-backed NetQin to IPO
PE-backed Chinese mobile technology firm NetQin mobile has submitted its filings to the New York Stock Exchange.
According to domestic reports, American Depositary Shares (ADSs) will be listed, and Piper Jaffray will serve as lead underwriter. In April of last year, Ceyuan Ventures, Fidelity Asia, GSR Ventures and Sequoia Capital China participated in a $20 million third funding round for NetQin. Eahc of the VC firms also participated in previous funding rounds, amounting to $15 million. The company has used its past rounds of funding for product development, branding and global expansion.
NetQin, founded in Beijing in 2005, provides anti-virus, anti-spam, privacy protection and other mobile security services to a global client base. In China, the company is partnered with China Mobile and China Unicom.
More on Venture
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.