Qihoo 360 Technology Co., has finalized a privatization deal worth $9.3 billion USD, adding to the growing number of U.S.-listed Chinese companies that have exited the U.S. stock exchanges hoping for better valuations back home.

Over 30 Chinese companies have made plans or executed privatizations from the U.S. in 2015, despite a slowing economy back home. The Qihoo offer represents a 17% premium to the value of the share in June, when the buyout was originally proposed.

At that time Qihoo, which has been listed in the U.S. since 2011, received a the offer from a group of investors led by the company’s Chairman and CEO Zhou Hongyi. Mr. Zhou said Qihoo was undervalued, and that the privatization bid would be an opportunity to reassess the company’s worth.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com