Sohu’s Gaming Division Preparing To File For IPO

Posted Mar 23, 2009

Sohu’s gaming division is planning to file for an IPO. will trade under the NASDAQ with the symbol CYOU. will issue 7.5 million American depositary shares at about $14-$16 per share.  The underwriters of are Credit Suisse and Merril Lynch.

Sohu recently had a reorganization and made the gaming division a separate unit. has a net income of $108 million on revenues of $202 million.  Sohu will remain as the majority shareholder in even after the IPO. created a game called Tian Long Ba Bu and is also known as Blade Online.  On April 1, will price the deal of the IPO.

[via Sohu PR]