NetQin Mobile (NQ) IPO Trades Lower
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The IPO for NetQin Mobile Inc. (NYSE: NQ) is open for trading. Shares are trading at $10.34 after pricing 7.75 million ADSs at $11.50 the high end of the expected $9.50-$11.50 range.
Piper Jaffray & Co. acted as sole bookrunner and Oppenheimer & Co. and Canaccord Genuity acted as co-managers for the offering.
Headquartered in Beijing China, NetQin Mobile Inc. is a leading provider of consumer-centric mobile Internet services focusing on security and productivity. NetQin was one of the first companies to recognize the growing security threats targeting smartphone users and is now a leading Software-as-a-Service (SaaS) provider, serving both greater China and global clients.
Piper Jaffray & Co. acted as sole bookrunner and Oppenheimer & Co. and Canaccord Genuity acted as co-managers for the offering.
Headquartered in Beijing China, NetQin Mobile Inc. is a leading provider of consumer-centric mobile Internet services focusing on security and productivity. NetQin was one of the first companies to recognize the growing security threats targeting smartphone users and is now a leading Software-as-a-Service (SaaS) provider, serving both greater China and global clients.
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