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Chinese mobile keyboard developer CooTek files for a $100 million US IPO

August 16, 2018
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CooTek, a Chinese provider of a popular keyboard input method for mobile devices, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

Its core TouchPal Smart Input is an intelligent input method for mobile devices that supports more than 110 languages. In June 2018, it had an average of 125.4 million DAUs, and was launched 72 times per day.

The Shanghai, China-based company was founded in 2008 and booked $78 million in sales for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol CTK. Credit Suisse, BofA Merrill Lynch and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.