China’s Baidu raises US$3.1 billion from Hong Kong listing

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HONG KONG: Baidu Inc has raised US$3.1 billion (RM12.77 billion) in its Hong Kong secondary listing, according to a filing by the Chinese internet sea...

HONG KONG:

The deal showed that the desire of Hong Kong's retail investors to buy into new stock market transactions shows no signs of slowing. Demand for margin loans to buy into Baidu's deal also remains strong. Online broker Futu recorded 90,000 subscriptions from investors to borrow HK$14.7 billion in margin loans, according to a spokesman.

 

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