Qihoo launches convertible bond to raise $600 million

The offering from the Chinese company, which specialises in developing internet and mobile security products, is the first in the US market from a mainland group since last September.

Qihoo, listed on NYSE, has a market capitalisation of $9.73 billion and is the largest company of its kind in China in terms of user base.

Jing Song

August 29, 2013

Qihoo 360 Technology, a Chinese internet service company, has raised $600 million from a convertible bond, the largest ever issued by a US-listed mainland company and the largest dollar convertible bond in Asia since 2011.

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