LONDON, UK / ACCESSWIRE / October 17, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Sohu.com Inc. (NASDAQ: SOHU), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SOHU. The Company announced on October 13, 2017, that its online search and search-related services subsidiary, Sogou Inc., has submitted a registration statement on Form F-1 relating to a proposed initial public offering (IPO) of American depositary shares (ADSs) with the US Securities and Exchange Commission (SEC). The shares represent Sogou's Class A Ordinary Shares. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Details of the Proposed IPO

  • The offering will only be made by means of a prospectus. Sogou is still to determine the price range for the proposed IPO and the number of ADSs to be offered.
  • Sogou has applied to be listed on the New York Stock Exchange (NYSE) under the symbol ?SOGO'.
  • Each Sogou Preferred Share will be automatically converted into Class A Ordinary Shares of Sogou, upon the closing of an IPO with certain parameters based on the then-effective conversion ratio of such Sogou Preferred Share, which is currently one-for-one for both Series A Preferred Shares and Series B Preferred Shares.
  • A registration statement related to the IPO is yet to become effective.
  • The Company is likely to provide additional information on the IPO in its Q3 results to be released at the end of the month.

About Sogou, Inc.

Established in 2004, Sogou operates as a Chinese online search engine, and develops and operates internet applications such as Map, Number Pass, Voice search, and smart-phone assistant.

Book-Running Managers

For the proposed IPO, J.P. Morgan, Credit Suisse, Goldman Sachs, and CICC are acting as joint book-running managers and representatives of the underwriters, while China Renaissance is acting as a co-manager.

Sogou Planned for Confidential Submission of Draft Registration Statement for IPO in July 2017

News release suggests that on July 31, 2017, Sogou planned to submit, on a confidential basis to the US SEC, a draft registration statement for a possible IPO of ADSs, representing ordinary shares of Sogou. The number and dollar amount of ADSs proposed to be offered and sold were to be determined. The IPO was subject to Sogou's filing with the SEC of a registration statement on Form F-1 in compliance with the US Securities Act of 1933.

About Sohu.com Inc.

Founded in 1996 by Dr. Charles Zhang, Sohu.com is China's premier online brand, providing a network of Web properties and community based/Web 2.0 products which offer the vast Sohu.com's user community a broad array of choices regarding information, entertainment, and communication. The Company has built one of the most comprehensive matrices of Chinese language web properties and proprietary search engines.

Last Close Stock Review

Sohu.com's share price finished yesterday's trading session at $70.06, advancing 8.62%. A total volume of 2.28 million shares have exchanged hands, which was higher than the 3-month average volume of 377.93 thousand shares. The Company's stock price soared 49.86% in the last three months, 77.14% in the past six months, and 61.35% in the previous twelve months. Additionally, the stock skyrocketed 106.73% since the start of the year. The stock currently has a market cap of $2.41 billion.

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