Inc., will release its prospectus in two days and chooses Nasdaq as
its listing destination. The company plans to begin "road show" in
several days and its IPO price ranges from $12 to $16, according to a
reliable source.
A reliable source said Changyou will hold its road show first in Hong
Kong, then in Europe and at last in the United States in about two
weeks. Sohu's CEO Charles Zhang will not attend the road shows but he
may ring the bell when Changyou begins its IPO at Nasdaq.
Earlier on March Sohu handed over 10-K files to U.S. Securities and
Exchange Commission and according to the files 17.7 percent of
Changyou shares will be distributed to its staff, among which Wang
Tao, the person in charge of the game company, will individually get
15 percent of the shares.
With his team Wang Tao developed "Tianlongbabu," a game propping up
Sohu's profits in the fourth quarter of 2008.
Sohu's game sector was founded in 2002. At the beginning Sohu tried
the role of agents for two online game "Knights Online" in February,
2003 and "Swords" in 2004. After several years Sohu established its
own company -- Changyou and began its research and development of new
online games.
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