Wednesday, July 13, 2005

Baidu Files for Nasdaq IPO

From Forbes: China's Baidu.com to raise 80 mln usd from Nasdaq IPO

"Baidu.com, a leading Chinese language Internet search engine, said it is looking to raise 80 mln usd from its initial public offering to develop new products and expand network capacity. "

"Baidu, in which Google Inc holds a 2.6 pct stake, said it has applied to be quoted under the symbol as 'BIDU'. Goldman Sachs (Asia) LLC, Credit Suisse First Boston LLC and Piper Jaffray & Co will act as underwriters."

"However, the major risk is its ability to maintain a leading position in the Internet search industry in China, Baidu warned, without providing further details. Earlier state media reports said that Google, which also made its debut on Nasdaq last August, will likely buy a much larger stake in the Chinese company once it lists."



From MotleyFool: Is "Baidu" Chinese for "Google"?

"It's almost the one-year anniversary of Google's IPO, and of course, there are many happy shareholders. Investors taking part in the firm's online Dutch auction snagged their shares at a mere $85 a piece.
But at $291.78 per share, even diehard Google fans are starting to wonder whether the big gains are over. What's a Google investor to do?"

"The next move might be Baidu, which filed to go public yesterday. The company will list on Nasdaq with the ticker symbol BIDU.
According to Baidu's prospectus, it is "the leading Chinese-language Internet search provider." In Web traffic, it ranks No. 2 in China and No. 6 in the world. Much like Google, Baidu has built its traffic mostly through word-of-mouth and the so-called Baidu Union. Over 76,000 third-party websites have posted Baidu's search box on their pages; if their users search Baidu via that box, and click on ads in the process, Baidu Union members get a piece of the resulting profits."

4 Comments:

At 5:23 PM, Blogger harvey3 said...

Hi great blog i must remember to bokmark you ... I have a horse racing blog myself I also have a new Online Auction to tell you about here ONLINE AUCTION get yourself $35.00 worth of free Advertising ONLINE AUCTION

 
At 7:53 AM, Blogger doer said...

Hello, just visited your blog, it's informative. I also have a Eay related web site. Please visit and hope that it's useful.

 
At 12:15 AM, Blogger Zheng junxai5 said...

zhengjx20160623
coach outlet
rolex watches
concord 11
polo ralph lauren outlet
michael kors outlet clearance
celine handbags
coach outlet online
michael kors outlet clearance
coach factory outlet
air jordan 4
adidas superstar
michael kors outlet online
louis vuitton outlet
michael kors outlet
louboutin shoes
adidas stan smith
longchamp outlet
oakley sunglasses
cheap ray ban sunglasses
tods outlet store
nike roshe one
adidas uk
michael kors outlet clearance
fitflop clearance
kate spade outlet
kobe shoes
north face jackets
insanity workout
kobe 10
ray bans
jordan concords
kobe 8
ladies cartier watches
air jordan homme
oakley sunglasses
ralph lauren sale
louis vuitton outlet
christian louboutin sale
coach factory outlet online
replica rolex watches

 
At 11:20 PM, Anonymous Obat Ampuh Sembuhkan Panu Pada Tubuh said...

The information that is interesting, thanks for sharing :)

Obat Sembuhkan Varises Dengan Cepat
Obat Jantung Bocor Alami
Pengobatan Infeksi Saluran Kencing Alami
Pengobatan Flu Tulang Secara Alami
Pengobatan Impetigo Secara Alami
Pengobatan Untuk Menghilangankan Benjolan Lipoma

 

Post a Comment

<< Home