News: Baidu raises $3.08 billion from Hong Kong listing: sources.
HONG KONG (Reuters) – Chinese internet search engine giant Baidu Inc is set to raise $ 3.08 billion by valuation of its shares on its secondary listing in Hong Kong at $ 252 each. This comes from two sources with direct knowledge of the matter.
New York-listed Baidu is selling 95 million shares in the transaction.
The people could not be named because the information has not yet been published.
Baidu did not immediately respond to a request for comment.
Reporting by Scott Murdoch in Hong Kong; Adaptation by Tom Hogue
Original Source © Reuters