Mobile app developer Sungy Mobile files for a $80 million IPO

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Sungy Mobile, which provides applications and mobile platform development products and services, filed on Tuesday with the SEC to raise up to $80 million in an initial public offering. The Guangzhou, China-based company, which was founded in 2003 and booked $41 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol GOMO. Sungy Mobile initially filed confidentially on August 21, 2013. Credit Suisse and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.



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This article appears in: News Headlines , IPOs

Referenced Stocks: GOMO

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