Sogou (SOGO) plans to raise $540 million in an initial public offering on Thursday, November 9th, IPO Scoop reports. The company plans to issue 45,000,000 shares at $11.00-$13.00 per share.

In the last year, Sogou generated $710.8 million in revenue and $66.5 million in net income. The company has a market-cap of $4.7 billion.

J.P. Morgan, Credit Suisse, Goldman Sachs and CICC served as the underwriters for the IPO and China Renaissance was co-manager.

Sogou provided the following description of their company for its IPO: “Our mission is to make it easy to communicate and get information. We are an innovator in search and a leader in China’s Internet industry. Our Sogou Search is the second largest search engine by mobile queries in China and we are the fourth largest Internet company in China based on MAU in JuneĀ 2017, according to iResearch. Our industry-leading Sogou Input Method, the robust ecosystem we have built and shared with Tencent and other strategic partners, and significant breakthroughs in AI uniquely position us to capture opportunities in China’s search and Internet industry. “.

Sogou was founded in 2006 and has 2315 employees. The company is located at Level 15, Sohu.com Internet Plaza No. 1 Unit Zhongguancun East Road, Haidian District, Beijing 100084, People’s Republic of China and can be reached via phone at +86 10-5689-9999 or on the web at http://www.sogou.com.

Receive News & Ratings for Sogou Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sogou and related companies with Analyst Ratings Network's FREE daily email newsletter.