Accoona Heads To Wall Street, Plans IPO

    August 6, 2007
    WebProNews Staff

The Accoona search engine first launched in 2004 with a proprietary artificial intelligence technology backing its query engine.

Accoona Heads To Wall Street, Plans IPO
Accoona Heads To Wall Street, Plans IPO

Accoona wants to pull in $80.5 million with its planned IPO. The company announced its decision to go public and list on Nasdaq in a regulatory filing with the Securities and Exchange Commission.

A Reuters report on the planned IPO noted few details existed beyond the intention to make a stock offering. Shares will be listed under the symbol ACNA.

The company has a long history with China, where the China Daily Information Company co-founded Accoona. China Daily is a government agency, controlled by the central government in Beijing, and publishes an English-language daily newspaper.

Accoona opened in the US and China in 2004. They expanded operations to Europe in 2006 amidst some controversy. A British Member of Parliament complained of Accoona’s ties to China Daily, and of the search engine’s self-censorship practices in China.