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Breaking News
A brief look at Baidu's IPO - scheduled for this weekPosted by Jeremy Goldkorn, August 2, 2005 3:45 PM
Pacific Epoch has a short article about the impending Baidu IPO on Nasdaq: Baidu Voodoo Excerpt: Baidu (Nasdaq:BIDU) might be running behind schedule but it is certainly making up for its tardiness in buzz. When Baidu prices this week, it is expected to be near the top of its $19-21 indicative range, giving it a market capitalization of around $650 million. If we look at the size of the spike Focus Media Holdings enjoyed on its first day of trade a few weeks back and then add the "Google factor" - Google owns 2.6 percent of Baidu and Baidu is often referred to as China's Google - we can expect a big day later this week... |
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