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, Baidu.com 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, Baidu.com 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