BEIJING (dpa-AFX) - Sogou Inc., the online search company owned by Chinese internet giant Sohu.com, has filed documents with the U.S. SEC for an initial public offering.
The number of American depositary shares to be offered and the price range for the proposed IPO have not yet been determined, the company said in a statement. However, reports suggest Souou is seeking to raise up to $600 million.
Sogou plans to apply to have its ADSs listed on the New York Stock Exchange under the ticker symbol 'SOGO.'
The lead underwriters are J.P. Morgan Securities, Credit Suisse Securities, Goldman Sachs, China International Capital Corp. Hong Kong and China Renaissance Securities.
The company had generated revenues of $373.2 million during the first six months of 2017, up from $322.9 million a year ago. Sogou's net income for the period increased to $35.8 million from $25.3 million.
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