Corporate-backed Motricity revises Nasdaq listing plans
Two corporate venturing funds could reap a return if US-based mobile phone service provider Motricity floats on the Nasdaq stock exchange as expected.
Intel Capital and Qualcomm Ventures are both minor investors in Motricity, which has raised more than $350m, according to US news providers PEHub and VentureWire.
Motricity revised its initial public offering terms to sell 6.75 million common shares out of a total of 38.6 million at between $14 and $16 each. Investment banks JP Morgan and Goldman…
