Cheetah Mobile hunting for smaller $200m New York IPO amid China tech firesale

Cheetah
By Rev Hui
30 Apr 2014

China’s second largest internet security software provider, Cheetah Mobile, has reduced the potential size of its New York IPO by one third and is now looking to raise only $200m amid volatility in the technology sector.

The company, formerly known as Kingsoft Internet Software Holdings, first filed confidentially for a listing in the US on January 27. It followed that up by posting its preliminary prospectus on April 2, which had the maximum offering size as $300m.

However, that was not the amount joint ...

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