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Baidu To Land On Nasdaq In July
Chinese search engine Baidu plans list in July on Nasdaq and raise up to US$300 million, China Business Daily reports quoting an unnamed source. Baidu president Robin Li has been in the US preparing for the IPO, said the source. Twenty five percent of Baidu will be offered to investors and Credit Suisse First Boston and Goldman Sachs will be the underwriters for the deal. Baidu public relations director Bi Sheng declined to comment.
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