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Sogou Priced, NYSE: SOGO

China's second largest mobile search engine backed by Tencent and Sohu.

Industry: Technology

Latest Trade: $4.85 0.00 (0.0%)

First Day Return: +3.8%

Return from IPO: -62.7%

Industry: Technology

We are an innovator in search and a leader in China's Internet industry. Our Sogou Search is the second largest search engine in China by mobile queries and we are the fourth largest Internet company in China based on MAU in September 2017. Our industry-leading Sogou Input Method, the robust ecosystem we have built and shared with Tencent and other strategic partners, and significant breakthroughs in AI uniquely position us to capture opportunities in China's search and Internet industry. Sogou Search had a 17.8% market share in China based on mobile queries in September 2017, up from 15.2% in March 2017. Our mobile search MAU increased from 473 million in March 2017 to 511 million in September 2017. Total search page views having grown by 28.0% and mobile search page views having grown by 71.9% on an annualized basis from September 2014 to September 2017. Sogou Input Method is the largest Chinese language input software by both mobile and PC MAUs in June 2017 and is the first cloud-based Chinese language input software. We have built and shared a robust ecosystem with Tencent and other strategic partners. Sogou Search is the default general search engine in Tencent's Mobile QQ Browser and qq.com, and we are exploring potential opportunities to deepen collaboration with Tencent. We generate revenues primarily from search and search-related advertising services, which represented 88.1% of total revenue for the six months ended June 30, 2017.
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IPO News for Sogou
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IPO Data
IPO File Date 10/13/2017
Offer Price $13.00
Price Range $11.00 - $13.00
Offer Shares (mm) 45.0
Deal Size ($mm) $585
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/08/2017
Offer Price $13.00
Price Range $11.00 - $13.00
Offer Shares (mm) 45.0
Deal Size ($mm) $585
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Beijing, China
Founded 2005
Employees 2,315
Website www.sogou.com