Workers flank a Baidu AI robot at the company's headquarters in Beijing. Photo: Reuters Workers flank a Baidu AI robot at the company's headquarters in Beijing. Photo: Reuters
Workers flank a Baidu AI robot at the company's headquarters in Beijing. Photo: Reuters

Baidu picks CLSA, Goldman for a Hong Kong secondary listing that may raise at least US$3.5 billion, sources say

  • Baidu could sell up to 9 per cent of its share capital, raising at least US$3.5 billion, based on a market value of almost US$70 billion
  • More banks could be added and details of the offering including timing and size are subject to change, according to people familiar with the matter

Topic |   Banking & finance
Workers flank a Baidu AI robot at the company's headquarters in Beijing. Photo: Reuters Workers flank a Baidu AI robot at the company's headquarters in Beijing. Photo: Reuters
Workers flank a Baidu AI robot at the company's headquarters in Beijing. Photo: Reuters
READ FULL ARTICLE