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Qihoo 360 prices IPO at $14.50, above the $10.50-$12.50 range

March 29, 2011

Qihoo 360 Technology, which offers a safe web browser and other Internet security products in China, raised $176 million by offering 12.1 million ADSs at $14.50, above the initial range of $10.50 to $12.50. Qihoo 360 Technology plans to list on the NYSE under the symbol QIHU. UBS Investment Bank and Citi acted as lead managers on the deal.