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Baidu's iQiyi looking for USD 8-10 bln valuation in IPO

2017-09-26 09:22:00| Telecompaper Headlines

(Telecompaper) IQiyi, the streaming site of Baidu, hopes to stage its initial public offering in the US early next year, Bloomberg reported, with sources saying the company is looking for a valuation of at least USD 8 billion, and up to USD 10 billion. They added however that the IPO is still in the early stages and the final valuation could change.

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