"Chinese search-engine Sogou's IPO priced at $13/ADS -source" https://finance.yahoo.com/news/chinese-search-engine-sogous-ipo-020005341.html Priced at $13, top end of $11 to $13 range 45 million ADS F-1 from SEC https://www.sec.gov/Archives/edgar/data/1713947/000104746917006806/a2233653zf-1a.htm Each ADS represents one Class A Ordinary Share After the IPO, there will be 112,764,581 Class A Ordinary Shares 278,757,875 Class B Ordinary Shares Total approx 391 million shares IPO preview: http://www.ipoboutique.com/blog/sogou-inc-sogo-ipo-preview/ SOHU owns 45% of SOGO .
Very nice It'll trail BIDU in growth however at the left end of the small cap range it has a great valuation. If I didn't only have $2,000 to my name it'd be 5-10% of my portfolio. In the next 2 years however a correction is coming, I'd follow the federal reserve meetings and analyst expectations of tightening monetary policy closely as well as the health of the Chinese economy, and short/buy put options on SOGO given a valuation under say 1.5 billion in late 2018 they might not roll out an options chain. However monitor closely short against your investment and reinvest the profits. Those are my unaccredited thoughts
The past few weeks have been pretty good for Sogou investors, and the stock is now trading above last year's initial public offering price of $13. Later next month, Sogou will be releasing new financial data and general product updates.