Baidu Inc. May Raise Up to $3.5 Billion in Hong Kong Listing, Bloomberg Reports
January 07 2021 - 6:06AM
Dow Jones News
--Chinese search engine giant Baidu Inc. plans to raise at least
$3.5 billion in a Hong Kong listing, Bloomberg says, citing unnamed
sources.
--Baidu could sell its shares in Hong Kong as soon as the first
half of the year, and has selected CLSA Ltd. and Goldman Sachs
Group as two of the banks handling the listing, the sources
said.
--More banks could be added and the size and timing of the
offering are subject to change, the sources further said.
Full story: https://bloom.bg/2MySduY
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(END) Dow Jones Newswires
January 07, 2021 05:51 ET (10:51 GMT)
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