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China’s ‘Search Dog’ Said to Plan IPO at $3 Billion Value

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Sogou Inc., the Chinese search engine controlled by Sohu.com Inc., is planning a U.S. initial public offering at a valuation of more than $3 billion, people with knowledge of the matter said.

The Beijing-based company, whose name means “Search Dog” in Chinese, could sell shares as early as the second half of this year, said the people, who asked not to be identified because the information is private.