Ahead of its IPO, TouchPal co-founder says the company has 180 million users

Chinese mobile internet company CooTek (触宝)—the firm behind virtual keyboard TouchPal—has 180 million users in 240 regions and countries around the world, chairperson Zhang Kan told employees in an open letter this week.

Zhang made the comments ahead of the company’s listing on the New York Stock Exchange (NYSE) yesterday (September 28), reports local media (in Chinese). However, he did not go into detail about how the number of geographical locations was measured.

CooTek filed for its US listing last month, initially hoping to raise $100 million. However, the company priced its shares at the low end of its range and raised $52 million. Additionally, its shares were trading 18% lower than their opening price of $11.50 at the end of its first day on the NYSE.

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