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.
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.
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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media