Qihoo 360 to list in the US
Venture-backed PRC internet site Qihoo 360 Technology Co Ltd, plans to be listed in the US and is aiming to raise up to $200 million in a debut on the NYSE. Established in 2005 in Beijing, the China-based company – which claims to be the third most popular site in the sprawling nation – has reportedly booked $58 million in sales over the last 12 months.
According to the filing, Qihoo 360's total revenue grew 78.5% to $57.7 million in 2010 from the previous year. UBS Investment Bank and Citi are leading underwriters on the IPO, however further details...
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