China-based internet company Qihoo 360 Technology plans to raise up to $200m in its US flotation.
US-based media provider International Data Group’s (IDG) corporate venturing unit invested in Qihoo’s $14m series A round in January 2006 and was part of a $25m B round in November that year, accoridng to its regulatory filing. The venture capital firms backing Qihoo include Highland Capital Partners, Redpoint Ventures, Sequoia Capital and Matrix Partners. Qihoo has also raised $20m in its C round in January last year.
Investment banks UBS and Citi are leading underwriters of Qihoo’s initial public offering.