Sungy Mobile prices IPO within the range at $11.22, raising $79 million


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Sungy Mobile, which provides mobile apps, literary content and entertainment services for Android, raised $79 million by offering 7.0 million ADSs (all primary) at $11.22, within the range of $9.50 to $11.50. Sungy Mobile, which initially filed confidentially on 8/21/2013, plans to list on the NASDAQ under the symbol "GOMO". Credit Suisse and J.P. Morgan acted as the lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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