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Baidu raises IPO price range (BIDU)

Aug. 03, 2005 9:00 PM ETBaidu, Inc. (BIDU)
Ezra Marbach profile picture
Ezra Marbach

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.

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This article was written by

Ezra Marbach profile picture
Ezra Marbach is a former investment banker who lived in Beijing in 2002-03 where he studied Mandarin Chinese and worked for a venture capitalist. Ezra previously worked for Internet-based venture capital firm UniversityAngels.com. Prior to that, he worked in the corporate finance department of Gerard Klauer Mattison, a NY-based boutique investment bank. Ezra graduated from Cornell University.

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