Benzinga

iQIYI Explores Dual Listing In China: Bloomberg

Chinese streaming video site iQIYI Inc (NASDAQ: IQ) has chosen the banks for its dual listing in Hong Kong by 2021 end, Bloomberg reports. The Baidu Inc (NASDAQ: BIDU) subsidiary could raise a minimum of $500 million. It raised about $2.4 billion in its 2018 U.S. IPO. iQIYI is in discussions with advisers, including Bank of America Corp., CLSA Ltd., and Goldman Sachs Group Inc., on the share sale. Chinese firms with U.S. listings have suffered massive declines from an ongoing regulatory crackdow

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