www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Qihoo seeks delisting in the US to go private

By Xie Yu and Li Xiang (China Daily) Updated: 2015-06-19 09:20

Qihoo seeks delisting in the US to go private

People visit the stand of Qihoo 360 during the 2015 Appliance and Electronics World Expo in Shanghai, Mar 13, 2015. [Photo/IC]

China's biggest Internet security services provider, Qihoo 360, has become the latest and largest Chinese company seeking to delist from the United States stock market.

It is attempting to cash in on bullish sentiment and high valuations at home.

A consortium led by Zhou Hongyi, the company's chairman and chief executive, made a preliminary nonbinding proposal on Wednesday to take the company private for $77 per share.

Citic Securities and Sequoia Capital China are also part of the consortium, and the decision was announced by Qihoo after the US markets closed.

The bid represents a 17 percent premium over Qihoo's previous close in New York and a 32.7 percent premium over the average of the past month. The buyout offer is estimated to be about $9 billion.

If successful, it will be the largest privatization deal in the US by a Chinese company to date, overtaking Focus Media's $3.7 billion management-led buyout in May 2013.

Zhou said in a corporate internal e-mail on Wednesday: "This is a strategic decision made by carefully weighing the global and Chinese capital markets. Many of us believe Qihoo's current capitalization of $8 billion does not sufficiently represent the value of this company."

This year, Chinese companies listed in the US, most of which are Internet technology-based, have been rushing to return to the home market, where the valuation gap between US and domestic listings has widened further.

Social network operator Renren and online dating website Jiayuan.com have also received proposals to go private, while online game developers Perfect World and Shanda Games have decided recently to delist in the US.

The Qihoo deal would bring the value of Chinese companies in the US going private to $22.4 billion this year, according to data provider Dealogic. The figure is nearly double the amount for the previous six years combined.

Zhao Rui, a technology, media and telecommunications analyst at Guotai Junan Securities, said, "The major motive behind this wave of returns to China is the widening valuation gap."

Central government policy has also led to companies deciding to return home, with the State Council issuing statements to support companies with "special shareholding structures" to go public on the domestic market.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国内精品久久久久久久久久影视 | 国产美女一区二区三区 | 欧美成人高清性色生活 | 草草影院ccyycom浮力影院 | 999热成人精品国产免 | 国产亚洲精品国产第一 | 国产亚洲欧美日韩在线观看一区二区 | 国产欧美一区二区日本加勒比 | 草草久久97超级碰碰碰免费 | 色情毛片| 欧美视频在线观在线看 | 欧美日韩一区二区三区在线视频 | 国产亚洲国产bv网站在线 | 在线观看一二三区 | 碰碰人人 | 成年人在线观看网站 | 国产成人禁片免费观看视频 | 成人免费一级毛片在线播放视频 | 久久最新免费视频 | 精品国产福利 | 亚洲人成免费网站 | 97在线观看成人免费视频 | 久久99免费视频 | 波多野结衣一区在线观看 | 国产午夜精品久久理论片小说 | 男人女人做黄刺激性视频免费 | 国产一区在线播放 | 国产三级日本三级美三级 | 深夜福利视频在线看免费 | 老头老太做爰xxx视频 | 精品国产91久久久久久久a | 毛片免费观看的视频在线 | 91不卡在线精品国产 | 91aaa免费免费国产在线观看 | 亚洲久久久久久久 | 大片刺激免费播放视频 | 亚洲在线观看 | 国产成人综合在线视频 | 手机在线精品视频 | 国产精品人伦久久 | 国产成人在线视频播放 |