Sogou, a subsidiary of Sohu, the Chinese-language Internet portal, was officially listed on the New York Stock Exchange on September 9th. On that day, Sogou opened at $13 per share, flat with the issue price, and closed at $13.50 per share, up 3.85 percent.

Sogou Initial Public Offering (IPO) *** issue 45 million American Depositary Shares (ADS), the price of $ 13 per share, total financing amounted to $ 585 million. Each ADS is equivalent to one Class A ordinary share of Sogou. Sogou's proceeds from the IPO will be used mainly for research and development of artificial intelligence, big data and other technologies, marketing of cell phone products, as well as general operations of the company, which may include investments, acquisitions and so on.

Sogou prospectus shows that after the IPO, Tencent and Sohu will hold 38.7% of the shares of Sogou, 33.4% of the shares of Sogou's top two shareholders.