China Antivirus Software Company Qihoo Planning $200 Million U.S. IPO

Posted Mar 16, 2011

Qihoo 360 Technology Co. is planning to have a $200 million American depositary IPO later this month. Qihoo is one of the China’s largest antivirus software companies. The company makes money through advertising and value-added services, such as Internet security services. The company proposed a listing on the New York Stock Exchange under the symbol (QIHU). Last year Qihoo’s profit doubled to $8.5 million. [WSJ]