Venture-Backed Chukong Technologies Files For $150M IPO

Beijing-based Chinese mobile game developer Chukong Technologies has filed on April 18 with the U.S. securities regulator to raise up to US$150 million in an IPO on the NASDAQ.

Specific pricing terms were not disclosed.

According to its F-1 form, Northern Light Venture Capital owns 23.7% of the company. Steamboat Ventures owns 12.6%. GGV Capital and Sequoia Capital each owns 12.5% and 8.9% respectively.

New Horizon Capital Partners IV Ltd, which traces its ultimate ownership to a person named Hebert Pang Kee Chan, owns 7.7%.

Founded in 2010, Chukong Technologies booked US$92 million in sales for the fiscal year ended December 31, 2013.

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