BEIJING, Nov. 30, 2017 /PRNewswire/ -- Sogou Inc. ("Sogou"
or the "Company") (NYSE: SOGO), an innovator in search and a leader
in China's Internet industry,
today announced that the underwriters of the Company's initial
public offering (the "IPO") have exercised their over-allotment
option to purchase an additional 5,643,856 American depositary
shares ("ADSs"), each representing one Class A Ordinary Share of
the Company. Pursuant to terms of the over-allotment option,
the underwriters purchased the additional ADSs from the Company for
the IPO price of US$13.00 per ADS,
less an underwriting discount and commission of US$0.65 per ADS, or a net price of US$12.35 per ADS.
Total proceeds to the Company from ADSs sold in the IPO,
including the 45,000,000 ADSs sold initially and the 5,643,856 ADSs
sold pursuant to the over-allotment option, were approximately
US$625,450,000, after deducting
underwriting discounts and commissions but before deducting
offering expenses payable by the Company.
J.P. Morgan, Credit Suisse, Goldman Sachs, and CICC acted as
joint bookrunners for the IPO and as the representatives of the
underwriters.
For investor enquiries, please contact:
Jessie Zheng
Sogou
Investor Relations
Tel: +86 10 5689 8068
Email: zhengyan@sogou-inc.com
For media enquiries, please contact:
Rachael Layfield
Brunswick Group
Tel: +86 10 5960-8600
Email: sogou@brunswickgroup.com
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SOURCE Sogou Inc.