http://socialnetworkingnews.org/chinese-social-networking-service-momo-files-for-ipo/
(Reuters) – China’s Momo Inc, a mobile-based social networking platform, filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of its American Depositary Shares (ADS).
The company said it was the No. 3 instant messaging app in China, and also offered mobile games, paid emoticons and mobile marketing services. Its user base more than doubled to 180.3 million in the year through September.
Social messaging services have drawn considerable investor interest of late. While Facebook Inc paid $19 billion for Whatsapp, Viber was bought by online retailer Rakuten Inc for $900 million earlier this year.
Source: www.reuters.com
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