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August 04, 2005

Baidu raises IPO price range (BIDU)

Baidu (ticker: BIDU) filed another amended F-1 today increasing the number of ADSs being sold in the IPO to 4.04 million and raising the IPO price range to $23 - $25 per ADS. The filing assumes a $24 IPO price and net proceeds to the company of $68.0 million. The IPO is expected Friday.

More on Baidu's latest results here and an analysis of the IPO here.

Posted by dymaxion at August 4, 2005 09:48 PM


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