Posted by admin | Posted in China | Posted on 15-03-2011
March 15 news, odd tiger 360 submitted to U.S. regulators on Monday (SEC) of a document showing that the company plans to launch in the New York Stock Exchange IPO (initial public offering), the ticker symbol “NYSE: QIHU”, Finance size is 2 million.
Union Bank of Switzerland and Citibank will act as underwriters of the IPO, the specific American Depositary Shares (ADS) price is not disclosed.
Currently, 21.5% of the shares held by Zhou Hongyi, the largest shareholder, the odd tiger President Qi Xiangdong 12.43% stake.
Disclosure of the data, set up in Beijing in 2005, this Internet company in the past 12 months revenue of nearly $ 58,000,000, compared to 78.5% growth in 2009, 2009 revenue almost doubled compared to 2008.
360 odd tiger Internet services revenue from income and sales of third-party anti-virus software, Internet services, the 2008 income of $ 5,790,000, 2009 $ 16,000,000 2010 $ 53,790,000. The income mainly includes online advertising, online value-added services and other services.
360 odd tiger earnings beginning in 2009, as of December 31, 2010 ended the year, its net profit nearly doubled from a year ago, reaching 850 million U.S. dollars. 2010 net income attributable to shareholders of 5 cents per share, 3 cents in 2009 when, in 2008 a loss of 7 cents per share.
At present, the company’s products reached 339 million active users.
