Qihoo 360 Landed In Us &Nbsp; Zhou Hongyi Earned $300 Million Overnight.

"In January 2011, we were active. Internet The user is 339 million, and the user penetration in China is 85.8%. According to the number of users, we are the third largest Internet Co in China. Shouting this rhetoric, Qihoo 360 landed on the New York Stock Exchange last night at a price of $14.5. Due to its 40 times over subscription, the company was considered the most successful Chinese company in the United States this year. IPO (first public offer).

30, there was news that Qihoo 360 The new concept has attracted many well-known institutions to subscribe, and its IPO issuing price has been raised from $10.5 to $12.5 to US $13.5 to US $14.5. The size of raised funds has increased to US $175 million, and the issue price earnings ratio has reached 193 times. This has become a hot topic of discussion yesterday.

Industry analysts said that the concept of the company's popularity is rooted in a large and loyal user base. The company's prospectus shows that due to its number of applications such as antivirus, browsers and online games, more than 300 million users, Qihoo 360 claims to be "China's top three Internet Co," second only to Tencent and Baidu.

But compared with Baidu and Tencent, Qihoo 360's profitability still has a big gap. According to the prospectus, Qihoo 360 began to make profits in 2009, with revenue of $57 million 665 thousand last year and net profit of $8 million 500 thousand. The industry believes that compared with Baidu and Tencent, Qihoo 360 will be more difficult if it wants to turn user groups into profits.

The stock of Qihoo 360 shareholders has skyrocketed. Before this IPO, chairman Zhou Hongyi's shareholding ratio was 21.5%, and IPO was diluted to 18.46%. According to the issue price of US $14.5, his figure is about $320 million, and President Qi Xiangdong is worth about $180 million. Immediately following the two were chief engineer Cao Shu and security center network security expert Shi Xiaohong, two of whom were 120 million dollars and 65 million dollars respectively.