Sogou debuted on New York Stock Exchange on 9 November 2017, under the ticker "SOGO". The IPO raised $585 million offering in a bid to accelerate the use of Artificial intelligence in its business. In 2018, Sogou reported net sales of $1.1 billion, net income of $98 million, and reported over $1 billion in cash. Their annual growth rate was 24% over the previous year. In late July 2020, Chinese technology company Tencent made a $2.1 billion bid to buy Sogou, with the decision to accept and regulatory permissions still pending.