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Experts: Sluggish Baidu debut in HK won t slow secondary floats
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Experts: Sluggish Baidu debut in HK won t slow secondary floats
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Baidu shares up on its debut on HK bourse
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Baidu to raise $3b in secondary HK listing
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Baidu Announces Pricing of Global Offering
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BEIJING, March 17, 2021 /PRNewswire/ Baidu, Inc. (Nasdaq: BIDU) ( Baidu or the Company ), a leading AI company with strong Internet foundation, today announced the pricing of the global offering (the Global Offering ) of 95,000,000 new Class A ordinary shares (the Offer Shares ), which comprises an international offering (the International Offering ) and a Hong Kong public offering (the Hong Kong Public Offering ). The final offer price for both the International Offering and the Hong Kong Public Offering (the Offer Price ) has been set at HK$252.00 per Offer Share. Based on the ratio of eight ordinary shares per Nasdaq-listed American depositary share ( ADS ), the Offer Price translates to approximately US$260.01 per ADS based on an exchange rate of HK$7.7534 to US$1.00. Subject to approval from The Stock Exchange of Hong Kong Limited (the SEHK ), the Offer Shares are expe