Venture-Backed Chinese Mobile App Momo Files For US IPO

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Beijing-based Chinese mobile social instant message app developer Momo Inc., backed by a long list of venture capital and private equity firms, has filed for an IPO on the NASDAQ, according to a regulatory filing.

Details of the pricing and timing of the IPO have yet to be determined.

Established in 2011, Momo raised series B financing in 2012, receiving US$6.5 million from Matrix Partners, US$20.7 million from Alibaba Group Holdings, through Alibaba Investment Limited, as well as US$1.5 million from DST Global, an investment firm founded by Russian businessman Yuri Milner.

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