Baidu raises $3.08 billion from Hong Kong listing: sources

Baidu raises $3.08 billion from Hong Kong listing: sources

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

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