IPOs & Markets
Tencent is Sogou’s largest shareholder with a 44% stake before the offering.
Fifteen Asian companies have raised $3.2 billion in US IPOs and seen their shares climb 46% since their listings this year.
Its IPO marks the fourth-biggest U.S. share sale so far this year.
The firm had a valuation of $1.75 billion in a funding round last month.
Both companies are now trading below their IPO price.
The firm reportedly delayed its IPO to improve financials.
Tech firms betting on public listing than being acquired.
Will the investors want to stick around?
The company is eyeing a valuation of about $4.1 billion.
This could be third largest tech offering in a decade.
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