Bloomberg: Tencent-Backed Sogou Aims for Up to $585 Million in U.S. IPO

Bloomberg: Tencent-Backed Sogou Aims for Up to $585 Million in U.S. IPO. “Sogou Inc., the Chinese search engine backed by Tencent Holdings Ltd., aims to raise as much as $585 million in a U.S. initial public offering. The company, born from the Chinese media company Sohu.com Inc., is marketing 45 million American depositary shares for $11 to $13 apiece, according to a filing Friday with the U.S. Securities and Exchange Commission. Sogou said it intends to use the proceeds for research and development and sales and marketing.”