中文商业新闻网

Chinas search engine firm Sogou to seek IPO in U.S.

2017-08-02  来源: 中文商业新闻网  字号:T / T
中文商业新闻网(biznewcn.com)讯:

Sogou Inc, a Chinese search engine operator, announced on Monday that it plans to go public in the U.S..

Its parent company said Sogou expected to submit paperwork to the U.S. Securities and Exchange Commission this year for a possible initial public offering (IPO). But the company has not disclosed how many American depositary shares would be offered or at what price.

Bloomberg previously reported Sogou may sell 10 percent of its shares and the IPO size will be at $5 billion.

Benefiting from the announcement, Sohus share price on U.S.-based NASDAQ closed at $56.83, climbing 11.76 percent on Monday.

According to Sohus second-quarter earnings, Sogous revenue hit $211 million in Q2, increasing 30 percent since last years Q2.

Currently, Sogous business covers search engine, input method, mapping and smart device, and its artificial intelligence technology is also developing.

Qihoo 360 got listed on the New York Stock Exchange in 2011, but five years later, the company got unlisted, and is applying for IPO on Chinas A-share market.

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