SPY415.21-2.05 -0.49%
DIA340.75-1.11 -0.32%
IXIC13,914.77-137.58 -0.98%

BRIEF-Baidu Prices Final Offer Price For International & HK Public Offering At Hk$252 Per Share

· 03/17/2021 09:02
BRIEF-Baidu Prices Final Offer Price For International & HK Public Offering At Hk$252 Per Share

- Baidu Inc BIDU.O:

  • FINAL OFFER PRICES FOR BOTH INTERNATIONAL OFFERING & HONG KONG PUBLIC OFFERING SET AT HK$252.00 PER OFFER SHARE

  • GROSS PROCEEDS ARE EXPECTED TO BE APPROXIMATELY HK$23,940.0 MILLION

  • PLAN TO USE NET PROCEEDS FOR INVESTMENT IN TECHNOLOGY AND ENHANCE COMMERCIALIZATION OF OUR INNOVATIONS CENTERED AROUND AI

Source text for Eikon: nPn2HFHPLa

Further company coverage: BIDU.O


((Reuters.Briefs@thomsonreuters.com;))