Baidu raises US$3.1 bil from second listing in Hong Kong

Baidu raises US$3.1 bil from second listing in Hong Kong

The Edge Markets - World·2021-03-18 05:06

(March 17): Chinese search engine Baidu Inc raised HK$23.9 billion (US$3.1 billion) in its Hong Kong share sale, sealing the latest in a string of blockbuster equity offerings in the financial hub.

The company priced its sale of 95 million shares at HK$252 each, according to a filing Wednesday. That represents a nearly 3% discount to Baidu’s Tuesday closing price in New York of US$266.78.

……

Read full article on The Edge Markets - World

Business Hong Kong

Comments

Leave a comment in Nestia App