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Sogou shares below the issue price, U.S. investors do not buy the concept of "AI"?

via:CnBeta     time:2017/11/16 11:39:20     readed:695

Sogou shares

"I always dreamed of coming to the United States bell, this is a summary of 14 years we came all the way," the morning of November 9th, Sogou CEO Wang Xiaochuan on the NYSE bell site said.

It is reported that Sogou is known as China's first AI shares in the United States, and the company is clearly very popular with this concept. In its prospectus, AI has been repeatedly mentioned 90 times, is the most dazzling label posted in the story of sogou.

However, the "AI concept" does not seem to be sought after by American investors. On the day of listing, Sogou opened only a single figure. Eventually Sogou rose only 3.85% on the day, to close at $13.50. In the next four trading days, Sogou shares rose only one day, and then fell for three days, and fell below the issue price on Wednesday.

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