FILE PHOTO: A logo of Baidu is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly SongThe people could not be named as the information has not yet been made public.Baidu had previously flagged in its listing documents that the shares would be priced at no more than HK$295 each for retail investors and represent 3.4% of its total shares.
The price of HK$252 is a 2.7% discount to Baidu’s closing price of $266.78 in New York on Tuesday when its American Depository Shares rose 0.47%. Baidu’s New York shares are 23.37% higher so far this year.The shares will start trading on the Hong Kong market on March 23. Baidu is the latest Chinese company listed in the United States to carry out a so-called homecoming listing since Alibaba Group began the trend in November 2019.Dealmakers say the pipeline of future secondary listings remains strong in 2021, as U.S.-listed Chinese companies await guidance on whether President Joe Biden would maintain plans outlined by his predecessor Donald Trump to delist them from U.S. stock exchanges if they don’t meet certain conditions.
Won't be so long If China think Hong Kong is truly their,then NATO should use force of power for Kosovo reunification with Albania,all of Senkaku islands to be under Japan
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