NetQin, a China-based mobile device security provider subsequently renamed NQ Mobile, has raised $89m in its New York Stock Exchange flotation. NetQin sold 7.75 million American depositary shares, each representing five class A common shares, at $11.50 each. Venture capital firms GSR (22.6% pre-IPO), Ceyuan (16.3%) and Sequoia (9.7%) were listed in NetQin’s regulatory filing,…
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