Chinese Maker Of TouchPal Keyboard CooTeck Raises $52M In Downsized US IPO

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Shanghai-based artificial intelligence (AI)-powered mobile Internet firm CooTek Inc., best known for keyboard application TouchPal, raised US$52 million in a downsized initial public offering (IPO) in America by pricing its shares at US$12 apiece, the low end of the company’s target price range of US$12 to US$14.

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