Streaming platforms iQiyi, Bilibili launch Nasdaq IPOs

By Jonathan Breen
19 Mar 2018

Baidu-backed video streaming platform iQiyi kicked off bookbuilding for its $2.38bn US listing on Monday and was covered quickly.

Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs are the lead bookrunners, while China Renaissance, Citi and UBS are co-managers.

The IPO comprises 125m primary American Depository Shares, which are on offer at $17 to $19 apiece and will raise between $2.13bn and $2.38bn. There is also ...

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