Baidu gets go-ahead for secondary listing on Hong Kong stock exchange

//Baidu gets go-ahead for secondary listing on Hong Kong stock exchange

Baidu gets go-ahead for secondary listing on Hong Kong stock exchange

Baidu, China’s internet search-engine giant and artificial intelligence (AI) firm, moved a step closer to a secondary listing in Hong Kong after winning approval from the Hong Kong stock exchange’s listing committee on Thursday, according to people familiar with the matter. The approval paves the way for the Nasdaq-listed company to launch a secondary listing in the city as soon as this month. It is reportedly seeking to raise up to US$3.5 billion with CLSA and Goldman Sachs acting as…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-04T14:30:26+00:00 March 4th, 2021|Technology|Comments Off on Baidu gets go-ahead for secondary listing on Hong Kong stock exchange