Qihoo 360 launches its IPO in New York

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    PRC-based internet and mobile security products provider Qihoo 360 Technology (Qihoo 360) has debuted on the New York Stock Exchange. Its initial public…

    PRC-based internet and mobile security products provider Qihoo 360 Technology (Qihoo 360) has debuted on the New York Stock Exchange. Its initial public offering (IPO) of American Depositary Shares (ADSs) raised approximately US$202 million. This is the largest listing by a Chinese company in the US this year so far.

    The joint bookrunners of this offering were UBS and Citi, and Stifel Nicolaus Weisel and Cowen and Company acted as co-managers.

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