Shares in Tencent-backed search company Sogou rose more than 10 per cent in their trading debut in New York on Thursday, as Tencent's empire continues its global expansion.
The company had priced its shares at $13, at the top of the expected range, putting the size of its initial public offering at $585m.
Sogou’s choice of New York for its listing represents its “long-term global ambition”, said Fang Xingdong, founder of think-tank China Labs.
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