initial public offerings (IPOs) trading on American exchanges

Friday, December 9, 2011

Sky-mobi (MOBI) looks good today

Update 8/2016: Sky-mobi delists from NASDAQ as $49 million Cayman Islands takeover completes
  • One of the first Chinese companies to float in the US, Sky-mobi (previously NASDAQ:MOBI) has been acquired by Cayman Islands-based outfits Amber Shining Investment Limited and Power Rich Limited.
  • The deal paid investors a premium of 25% over Sky-mobi's closing price on 22 June 2016, valuing the outfit at $49 million.
  • As for what effectively is a management buyout, Amber Shining and Power Rich are taking a $40 million loan from China Merchants Bank.
  • Chinese mobile game publisher of note still listed on the NASDAQ is NetEase (NASDAQ: NTES),  with a market cap of over $28 billion.

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