China-based data analysis software producer Gridsum Holding has floated in the US, giving exits to Nokia Growth Partners and Disney affiliate Steamboat Ventures.
Communications equipment manufacturer Nokia exited China-based data analysis software provider Gridsum Holding on Friday in an $87.1m initial public offering in the US.
The company issued 6.7 million American Depositary Shares (ADS’s) on Nasdaq priced at $13.00 each.
Underwriters Goldman Sachs (Asia), Citigroup Global Markets and Stifel, Nicolaus & Company have the 30-day option to buy another one million ADS’s, which would lift the size of the IPO to approximately $100m.
Founded in 2005, Gridsum supplies machine learning-equipped data…
