NEW YORK, Nov. 9, 2017 /PRNewswire/ -- Sogou Inc. ("Sogou" or the "Company") (NYSE: SOGO), an innovator in search and a leader in China's Internet industry, today announced the pricing of its initial public offering ("IPO") of 45,000,000 American depositary shares ("ADSs"), each representing one Class A Ordinary Share, at a price to the public of US$13.00 per ADS, for a total IPO size of US$585 million, assuming the underwriters do not exercise their over-allotment option. Sogou has granted the underwriters a 30-day option to purchase up to an additional 6,750,000 ADSs to cover over-allotments.
The ADSs have been approved for listing on the New York Stock Exchange and are expected to begin trading on November 9, 2017 under the ticker symbol "SOGO."
J.P. Morgan, Credit Suisse, Goldman Sachs, and CICC acted as joint bookrunners for the IPO and as the representatives of the underwriters, and China Renaissance Securities acted as co-manager.
The offering is being made only by means of a prospectus. When available, a copy of the prospectus relating to the IPO may be obtained from any of the following sources:
J.P. Morgan Securities LLC; Attention: Prospectus Department; 1155 Long Island Avenue, Edgewood, NY 11717; Phone: +1-866-803-9204
Credit Suisse Securities (USA) LLC; Attention: Prospectus Department; One Madison Avenue, New York, NY 10010; Phone: +1-800-221-1037; Email: newyork.prospectus@credit-suisse.com
Goldman, Sachs & Co. LLC; Attention: Prospectus Department; 200 West Street, New York, NY 10282; Phone: +1-212-902-1171
China International Capital Corporation Hong Kong Securities Limited; 28th Floor, 350 Park Avenue New York, NY, 10022; Phone: +1-646-794-8800; Email: g_prospectus@cicc.com.cn
A registration statement on Form F-1 relating to the Class A Ordinary Shares and the ADSs to be sold in the IPO has been filed with and declared effective by the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will not be any sale of, any of the ADSs or the underlying Class A Ordinary Shares in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
For investor enquiries, please contact:
Jessie Zheng
Sogou Investor Relations
Tel: +86 10 5689 8068
Email: zhengyan@sogou-inc.com
For media enquiries, please contact:
Scott Patrick, Stephanie Heise
Brunswick Group U.S.
Tel: +1 212 333 3810
Email: sogou@brunswickgroup.com
Yue Yu
Brunswick Group China
Tel: +86 10 5960 8611
Email: sogou@brunswickgroup.com
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