Friday, August 05, 2005

Baidu Shares Nearly Triple in Debut - Market Cap Almost $2.5 B

From CNN: Baidu shares nearly triple in debut

"The shares of China's largest Web search company, Inc., almost tripled in their market debut Friday after pricing above their expected range in a hot initial public offering.
When trading began around 11:30 a.m. ET, shares surged about 195 percent, to about $78, from their initial public offering price of $27 per American depositary share -- which was $2 above the top of an already raised price range. "

Facts and numbers: Baidu (BIDU) IPO - Fact Sheet


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