Baidu seeks up to US$3.6 billion in Hong Kong share sale as fundraising in city reaches a record in first two months of the year

Source: South China Morning PostChinese search engine and artificial intelligence giant Baidu is seeking to raise up to HK$28 billion (US$3.6 billion) in its secondary listing in Hong Kong, the latest US-listed mainland tech giant to sell shares in the city.Baidu is selling 95 million shares, or about 3.4 per cent of its issued share capital, at a maximum offer price of HK$295 (US$38.02) per share. This gives it a premium of about 12 per cent premium to its American depositary receipts at US$272.38 overnight on Nasdaq.Still,…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy