China Mobile Games & Entertainment in ADS offering

The Chinese mobile gaming company wants to use the $100 million proceeds to grow overseas and expand its product offering.

China Mobile Games & Entertainment in ADS offering

China Mobile Games Entertainment aims to raise $100 million in a follow-on share offering, the latest mainland technology company to seek fresh capital from equity markets.  

Bankers kicked off the roadshow in the US on Monday. Some 3.4 million primary American depository shares will be on offer, with an overallotment option of 516,300 shares, or 15% of the base offering, according to a term sheet. The lock-up is 90 days.


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