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Baidu raises $3.08 billion from Hong Kong listing -sources

· 03/17/2021 00:30
Baidu raises $3.08 billion from Hong Kong listing -sources

- Chinese internet search giant Baidu Inc 9888.HK is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing, according to two sources with direct knowledge of the matter.

The New York listed Baidu BIDU.O is selling 95 million shares as part of the transaction.

The people could not be named as the information has not yet been made public.

Baidu did not immediately respond to a request for comment.


(Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue)

((Scott.Murdoch@thomsonreuters.com;))