IFLR1000

Baidu HKSE secondary listing

23/3/2021
IPO
Select tab

HK$ 23.9 billion

Completed

23/3/2021

Overview:

  • Nasdaq-listed Baidu, a Chinese multinational technology company specialised in Internet-related services and artificial intelligence, has made a HK$23.9 billion ($3.1 billion) secondary listing and global offering on the Hong Kong Stock Exchange (HKSE).
  • The final offer price for both the global offering and the Hong Kong public offering was set at HK$252.00 per share. 

Adam Majeed - Asia editor

Jurisdiction:

Hong Kong SAR

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:
Davis Polk & Wardwell

Party: CLSA (Joint global coordinator, Joint bookrunner, Joint lead manager, Joint sponsor)

Party: BofA Securities (Joint global coordinator, Joint bookrunner, Joint lead manager, Joint sponsor)

Party: Goldman Sachs (Joint global coordinator, Joint bookrunner, Joint lead manager, Joint sponsor)

Party: CICC (Joint bookrunner, Joint lead manager, Joint global coordinator)

Party: UBS (Joint bookrunner, Joint lead manager, Joint global coordinator)

Party: CCBI (Joint bookrunner, Joint lead manager, Joint global coordinator)

Party: China Renaissance Securities (Joint bookrunner, Joint lead manager)

Party: Nomura (Joint bookrunner, Joint lead manager)

Party: Citigroup (Joint bookrunner, Joint lead manager)

Party: ICBCI (Joint bookrunner, Joint lead manager)

Party: BOCI (Joint bookrunner, Joint lead manager)

Party: ABCI Capital (Joint bookrunner, Joint lead manager)

Party: Haitong International (Joint bookrunner, Joint lead manager)

Lawyer: James Lin

King & Wood Mallesons

Party: Baidu (Issuer)

Maples Group

Party: Baidu (Issuer)

Skadden Arps Slate Meagher & Flom

Party: Baidu (Issuer)

Lawyer: Paloma Wang

Related deals