Wang Xiaochuan revealed that Sogou may go to the United States for an IPO, but there is no fixed timetable yet

Sogou CEO Wang Xiaochuan responded to Sogou's IPO in an interview, saying that Sogou is expected to go to the United States for IPO. Sogou is likely to float about 10 per cent of its shares.

according to Bloomberg, Sogou CEO Wang Xiaochuan responded to Sogou's IPO in an interview, saying that Sogou is expected to go to the United States for an IPO. Sogou is likely to float about 10 per cent of its shares.

Wang Xiaochuan said Sogou IPO, Sohu's search subsidiary, could be valued at up to $5 billion.

then Sogou told reporters that Sogou does have an IPO plan, but there is no specific timetable at present.

it is reported that Sogou earned nearly 600 million US dollars (about 4 billion yuan) in 2015, an increase of 53.4 percent over the same period last year. Under non-US accounting standards, Sogou made a net profit of more than $100m (about 670 million yuan) in 2015, nearly three times as much as in 2014.

in the first quarter of 2016, Sogou's income reached 955 million yuan, an increase of 35% over the same period last year; under non-US accounting standards, net profit reached 143 million yuan, an increase of 42% over the same period last year. Sogou's income reached 1.15 billion yuan in the second quarter of 2016, an increase of 27% over the same period last year; under non-US general accounting standards, net profit reached 220 million yuan, up 30% from the same period last year In the third quarter of 2016, Sogou's revenue reached 1.11 billion yuan, an increase of 9 percent over the same period last year, which is faster than the growth rate of the industry.

as of June 30, Tencent had replaced Sohu as Sogou's largest shareholder, with a stake of 45 per cent, according to a document submitted to SEC by Sohu in September 2016. However, under the AB share system, Sogou's right to vote is still in the hands of Sohu.

the above documents show that as of June 30, 2016, Sogou had a total of 334670182 common shares, of which the specific holdings are as follows:

1) Sohu holds 131697750 Class A common shares. including 4484500 shares may be repurchased by Sohu's management and core backbone under certain conditions. At present, Sohu holds 38.35% of Sogou.

2) Photon Group Limited, chairman of Sohu's board and investor of CEO Zhang Chaoyang, holds 32000000 common shares, while Photon holds 9.56% of Sogou's shares.

3) Tencent holds 6757875 Class A common shares, 65431579 Class B common shares and 79368421 non-voting Class B common shares. Tencent currently holds 45% of Sogou.

4) the core backbones of Sogou and Sohu hold 19414557 Class A common shares, accounting for 5.8 per cent of the shares.

Edit: nancy