Beijing-based NetQin Mobile Inc.’s (NQ) stock is down almost 22% after its Thursday debut on the New York Stock Exchange.
The mobile security provider’s stock hit a low of $8.30 after an initial public offering price of $11.50, however stock is now hovering around $9.05 in its second day of trading.
The company, which was founded in 2005 and now counts more than 43 million users in 200 countries, is projected to have raised $89.1 million through the offering, according to The Associated Press.
NetQin stock tanks in public trading debut on NYSE
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants