Sohu.com Inc Files For IPO Of Changyou.com Limited(ADR)-Shanghai Daily
Wednesday, 18 Mar 2009 08:00pm EDT
Shanghai Daily reported that Sohu.com Inc, has filed a registration statement for the Initial Public Offering (IPO) of its subsidiary, Changyou.com Limited(ADR), to the United States Securities and Exchange Commission. The Company would offer a total of 7.5 million American Depository Shares between a price range from $14 to $16. The total proceeds would be around $104.6 million assuming an initial price of $15 per ADS. Sohu would hold about 70.7% of the total outstanding equity interest in Changyou if the IPO is approved.