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, while other shareholders include chip maker Qualcomm’s corporate venturing unit and Taiwan-based consumer goods maker HTC.
In its filing, NetQin said it raised $10.75m…
