Report: Baidu plans $1B IPO for iQiyi

|By:, SA News Editor

Baidu (NASDAQ:BIDU) is considering listing video-streaming site iQiyi.com in either Hong Kong or the U.S. next year and could raise about $1B through the IPO, sources told WSJ.

The company is planning to issue a convertible bond or similar instrument to raise funds from investors before the offering, although the size and timing are not yet clear.

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