Baidu raises US$3.1 bil from second listing in Hong Kong
(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.……
Business Hong Kong
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