China-based CooTek, developer of TouchPal Keyboard and other apps, closes down 21% on its first day of trading on NYSE, after raising $52.2M in its IPO (Gary Alexander/Seeking Alpha)

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Gary Alexander / Seeking Alpha:

China-based CooTek, developer of TouchPal Keyboard and other apps, closes down 21% on its first day of trading on NYSE, after raising $52.2M in its IPO  —  CooTek priced its IPO at $12, the low end of its intended range of $12-$14.  —  Shares proceeded to tumble in their first day of trading …

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