TechNode, contributing for e27;
Sogou, the search engine subsidiary of Sohu, filed with the Securities and Exchange Commission (SEC) to raise up to US$600 million via an IPO on the NYSE on Friday night Beijing time. Shares in Sohu closed up that day on the news. Its stock code will be SOGO.
Jon Russell, writing for TechCrunch;
Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion.
Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes mobile, but in recent years it has branched out into e-commerce with its Shopee service and payments with its AirPay business.
This will be big!
Corrie Driebusch and Maureen Farrell, reporting for Wall Street Journal;
Snap Inc. priced its initial public offering above expectations Wednesday, as investors clamored for a piece of the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014.
Snap fetched $17 a share in its offering, the company said, confirming an earlier report by The Wall Street Journal. That gives the parent of popular disappearing-message app Snapchat a market value of nearly $24 billion. It was also above the $14 to $16 a share Snap had targeted, indicating strong demand for an IPO that has captivated investors and analysts since the company confidentially filed for the offering late last year.