Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle

2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.

---

Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1

23rd March 2021 | Hong Kong

China’s largest search engine Baidu has IPO on Hong Kong Exchange (Hong Kong Exchanges and Clearing ~ HKEX), with the share price closing at HKD 252 and remain unchanged from the IPO price of HKD 252 on Day 1 (23rd March 2021).  On the 1st day of trading, Baidu opened at around HKD 254 / 255, reached a high of HKD 256.6 and closed at HKD 252 on Day 1.  At the price of HKD 252,  Baidu market valuation is more than $90 billion.  This is Baidu secondary listing; Baidu has IPO on NASDAQ in 2005. (IPO ~ Initial Public Offering)

Hong Kong Exchanges and Clearing (HKEX) is referred as Hong Kong Exchange or HKEX in this article

- Article continues below -

Quick Links, Ads & Announcements
Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle

Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)

The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here

The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here

2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here

2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here

2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here

” Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1 “

Baidu, China’s Largest Internet Search Engine & AI Co.

Baidu was co-founded in 2000 by internet pioneer Robin Li, creator of visionary search technology Rankdex, a method of hyperlink analysis.  The “Baidu” name was inspired by a poem written more than 800 years ago during China’s Song Dynasty and literally means “a hundred times”.

Baidu quickly became China’s largest search engine and today, is a leading AI (artificial intelligence company).   In China, Baidu Open AI Platform has 2.65 million developers and Baidu also have the largest portfolio of AI patents and patent applications in China.  Baidu App has a monthly active users of 544 million while its video streaming platform iQIYI has 101.7 million subscribers.

In 2020, Baidu recorded revenue of $16.4 billion and net income of $4.2 billion.  In 2005, Baidu IPO on NASDAQ raising $109 million.  Baidu share price rose 354% on day 1 giving Baidu a market value of more than $4 billion in 2005.

Today, Baidu market capitalization is around $90 billion.  Robin Li, co-founder of Baidu and billionaire, has a personal net worth of more than $15 billion.

Baidu IPO on Hong Kong, Secondary List, Raises $3.1 Billion

For the secondary listing on Hong Kong Exchange, Baidu issued 95 million new shares at HKD 252, raising $3.1 billion (HKD 23.7 billion) at a market valuation of more than $90 billion.

BofA Securities, CLSA and Goldman Sachs are the joint sponsors and joint global coordinators for the Global Offering. China International Capital Corporation (CICC), UBS and CCBI are the joint global coordinators.

Related:

• Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1
• South Korea E-Commerce Giant Coupang IPO on NYSE, Rises 41% on Day 1
• Kuaishou IPO Rises 160% on Day 1, Raised $5.32 Billion
• Airbnb IPO Rises 112% on Day 1, Raised $3.5 billion
• DoorDash IPO Rises 85% on Day 1, Raised $3.3 billion
• JD Health IPO Rises 55% on Day 1, Raised $3.4 billion
• Ant Group $300 Billion Record IPO Suspended in both Shanghai and Hong Kong Exchange
• New York Stock Exchange Remains Market Leader for IPO in 2020, Raising $81.8 Billion
• NASDAQ Executed 300 IPOs in 2020, Raising $77.86 Billion
• Shanghai Stock Exchange is Now the World’s 3rd Largest Stock Exchange

Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

Quick Links

Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register

You are:
Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers

Manage / Invest / Advise:
$20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM

Select:
Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents

Upcoming Events:
2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events

Your Name*

Company*

Job Title*

Email 1 (Work / Personal)*

Email 2 (Work / Personal)

Country

Please leave this field empty.

84515

Web links may be disabled on mobile for security.
Please click on desktop.

---

New to Caproasia
Learn More | Sign Up | Subscribe | Register Events

Caproasia Users

• Manage $20 million to $3 billion of assets
• Invest $3 million to $300 million
• Advise institutions, billionaires, UHNWs & HNWs

Caproasia Platforms | 11,000 Investors & Advisors

• Caproasia.com
• Caproasia Access
• Caproasia Events
• The Financial Centre | Find Services
• Membership
• Family Office Circle
• Professional Investor Circle
• Investor Relations Network

Monthly Roundtable & Networking

• Professional Investor
• Family Office
• HNW Partnership

Family Office Programs

• Family Office Circle
• Family Office Networking
• Family Office Roundtable
• The Family Office Summit

The 2024 Investment Day

• March 2024 - Hong Kong
• March 2024 - Singapore
• July 2024 - Hong Kong
• July 2024 - Singapore
• Sept 2024 - Hong Kong
• Sept 2024 - Singapore
• Oct 2024 - Hong Kong
• Nov 2024 - Singapore
• Visit: The Investment Day | Register: Click here

Caproasia Summits

• The Institutional Investor Summit
• The Investment / Alternatives Summit
• The Private Wealth Summit
• The Family Office Summit
• The CEO & Entrepreneur Summit
• The Capital Markets Summit
• The ESG / Sustainable Investment Summit

Contact Us

For Enquiries, Membership
[email protected], [email protected]

For Listing, Subscription
[email protected], [email protected]

For Press Release, send to:
[email protected]

For Events & Webinars
[email protected]

For Media Kit, Advertising, Sponsorships, Partnerships
[email protected]

For Research, Data, Surveys, Reports
[email protected]

For General Enquiries
[email protected]

---

Caproasia | Driving the future of Asia
a financial information technology co.
since 2014

---