Baidu looks to raise $3.03 billion in Hong Kong listing
HONG KONG: Chinese search engine company Baidu Inc is looking to raise up to $3.03 billion by selling 95 million shares as books opened on Thursday for its Hong Kong listing, a filing from the company showed.
The shares will be priced at no more than HK$295 per share for retail shareholders and represent 3.4 per cent of the company’s total shares, it said in documents sent to the Securities and Exchange Commission.