Changyou.com Limited (CYOU), an online game developer and operator in China, and its majority shareholder, Sohu.com Inc. (SOHU) jointly said Monday that Changyou's majority-owned web games subsidiary 7Road.com Limited plans to submit on a confidential basis to the U.S. Securities and Exchange Commission a draft registration statement for a possible initial public offering of American Depositary Shares representing ordinary shares of 7Road.
The number and dollar amount of ADSs proposed to be offered and sold have not yet been determined.
7Road plans to conduct the IPO to create a public market for its shares as well as attract and retain talented employees by providing them with equity incentives.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.