Baidu.com (BIDU) Raises IPO Price Range to $23-$25; expected IPO Date: Friday 08-05-2005
From Reuters: Baidu.com raises IPO terms to 4 mln ADS, $23-$25
"Baidu.com Inc., China's largest search engine, increased on Wednesday its initial public offering amount to 4 million American depositary shares (ADS) for between $23 and $25 per ADS.
The Beijing-based company previously planned 3.7 million ADSs in a price range between $19 and $21 per ADS for its IPO."
"According to an amended offering document filed with the U.S. Securities and Exchange Commission, Baidu.com plans to sell 3.2 million shares and selling shareholders will offer 831,706 shares."
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