General info on Baidu
About the company
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NameBaidu Inc
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IndustryInternet
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Employees41,000
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Founding year2000
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Ticker-
Filing Information
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IPO file date09/03/2021
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No. of shares95,000,000
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Price$38.05
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ExchangeHong Kong Stock Exchange
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BookrunnersBofA Securities, CLSA, Goldman Sachs
IPO Details
About Baidu
Baidu is one of the largest Chinese tech companies in the world. Its products range from Internet-related tech to artificial intelligence-driven innovation. Founded in January 2000 by Robin Li and Eric Xu, the company is currently headquartered in Beijing’s Haidian District.
IPO figures
After an initial IPO in the US, Baidu is eyeing a second one in Hong Kong, following the footsteps of Alibaba, JD.com, and NetEase. Through the Hong Kong listing, it wants to raise $3.1 billion. The company is selling 95 million shares priced at $38.05 apiece.
The company will go public on March 23.
Valuation
Baidu’s market valuation is $91.62 billion.*
Baidu: what you need to know
- It accounts for 70% of the search engine market share in China
- Baidu started with a $1.2 million funding from Integrity Partners and Peninsula Capital
*as of March 19, 2021
Sources: sec.gov, economictimes.indiatimes.com, finance.yahoo.com, finviz.com
Summary
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IPO file date09/03/2021
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Price$38.05
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ExchangeHong Kong Stock Exchange
Past IPOs
Browse details of other companies that already went public
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