Baidu's iQiyi sets ball rolling for US IPO

Baidu-backed video streaming platform iQiyi has filed documents with the US market regulator for a listing of American Depository Shares (ADS), according to the Chinese parent company’s quarterly earnings report released on Tuesday.

  • By Jonathan Breen
  • 14 Feb 2018

iQiyi has selected Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs to run the deal, GlobalCapital Asiareported previously. The listing is expected to raise between $1bn and $2bn.

Having submitted a draft registration form with the US Securities and Exchange Commission, iQiyi will decide ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.82
2 Industrial and Commercial Bank of China (ICBC) 12.96
3 CITIC Securities 9.30
4 Agricultural Bank of China (ABC) 8.10
5 China CITIC Bank Corp 7.20

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 16,522.26 78 7.51%
2 Morgan Stanley 14,160.31 66 6.43%
3 Citi 14,074.12 91 6.39%
4 UBS 12,552.50 77 5.70%
5 China International Capital Corp Ltd 11,025.08 44 5.01%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,776.11 197 7.45%
2 Citi 22,530.75 149 7.37%
3 JPMorgan 14,738.77 90 4.82%
4 Bank of America Merrill Lynch 13,099.48 83 4.28%
5 BNP Paribas 11,893.43 89 3.89%

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