May 8, 2014
BEIJING, May 8, 2014 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company, today announced that it has priced its initial public offering of 12,000,000 American depositary shares ("ADSs"), with each ADS representing ten Class A ordinary shares of the Company, at US$14.00 per ADS, with a total offering size of approximately US$168.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs will begin trading on the New York Stock Exchange on May 8, 2014 under the symbol "CMCM".
The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1,800,000 ADSs at the initial public offering price, less the underwriting discounts and commissions.
Morgan Stanley & Co. International plc, J.P. Morgan Securities LLC, and Credit Suisse Securities (USA) LLC acted as joint bookrunners and Macquarie Capital (USA) Inc. and Oppenheimer & Co. Inc. acted as co-managers for the IPO.
The Company's registration statement relating to the initial public offering of its ADSs has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the IPO may be obtained by contacting Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY, 10014, United States of America, or by calling 1-866-718-1649, or by email at firstname.lastname@example.org; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, United States, or by calling 1-866-803-9204; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, Level 1B, New York, NY 10010, or by calling 1-800-221-1037.
About Cheetah Mobile Inc.
Cheetah Mobile is a leading mobile internet company with approximately 362 million monthly active users in March 2014. Its mission critical applications, including Clean Master, CM Security, Battery Doctor and Duba Anti-virus, help make the internet and mobile experience speedier, simpler, and safer for users worldwide. Cheetah Mobile is the second largest internet security applications provider in China by monthly active users in March 2014, according to iUser Tracker of iResearch, and the publisher of Clean Master, the #1 mobile app in the Google Play Tools category worldwide by monthly downloads in March 2014, according to App Annie.
The Company also provides various platform products such as Duba.com, Cheetah browser, game centers and mobile app stores to provide multiple user traffic entry points and global content distribution channels for its business partners.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. Forward-looking statements convey the Company's current expectations or forecasts of future events. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Unless required by law, the Company undertakes no obligation to publicly update any forward-looking statements to reflect circumstances or events after the date of this press release.
SOURCE Cheetah Mobile Inc.
For further information: Calvin Jiang, ICR, Inc., +1 (646) 417-5395 and IR@CMCM.com