Matrix-Backed Cheetah Mobile Downsizes IPO By One-Third

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Beijing-based Chinese security software maker Cheetah Mobile Inc. has finalized pricing terms for its U.S. IPO, planning to raise up to US$174 million by offering 12 million American Depository Shares (ADS) at a price range of US$12.50 to US$14.50 apiece, according to a securities filing of the company.

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