96.33 -0.01 (-0.01%)
After hours: 5:35PM EST
|Bid||95.92 x 1100|
|Ask||96.34 x 800|
|Day's range||95.57 - 107.70|
|52-week range||59.54 - 147.67|
|Beta (5Y monthly)||0.63|
|PE ratio (TTM)||29.21|
|Earnings date||31 May 2021 - 04 Jun 2021|
|Forward dividend & yield||0.87 (0.77%)|
|Ex-dividend date||24 Feb 2021|
|1y target est||121.05|
(Bloomberg) -- Chinese search engine giant Baidu Inc. has secured approval from the Hong Kong stock exchange for a second listing in the city, according to people familiar with the matter.Nasdaq-listed Baidu plans to launch its share sale as soon as next week, the people said, asking not to be identified as the information is private. The offering could raise at least $3.5 billion, Bloomberg News has reported.A representative for the company declined to comment. Shares in Baidu fell 6.2% in the U.S. on Thursday amid a selloff in technology stocks.Baidu follows online car-sales website Autohome Inc. in seeking a trading foothold in the Asian financial hub this year, after a wave of such share sales in 2020 which saw some $17 billion raised. Other companies looking at selling shares in the city include Tencent Music Entertainment Group and video companyA wave of U.S.-listed Chinese firms have been listing in Hong Kong since Alibaba Group Holding Ltd. kicked off the trend in late 2019. Deteriorating relations between the world’s two biggest economies have risked threatening Chinese companies’ access to America’s capital markets. The second listings also enable the companies to expand their investor bases closer to their home markets.Read more: Baidu’s Back With an $80 Billion Rally and Electric Car AmbitionOnce one of China’s big three tech leaders alongside Alibaba and Tencent Holdings Ltd., Baidu is now playing catch-up as the country’s internet users increasingly shift from desktop to mobile. It began years ago to sink billions of dollars into areas from language learning to voice interaction and autonomous driving, betting on smart devices and vehicles of the future. But that endeavor ran into trouble in the initial stages, capped by the departures of several pivotal executives.Now, aided by steady investment in R&D and Beijing’s focus on developing smart nationwide infrastructure, commercialization cases are finally coming to the fore: in January, the company announced it’s teaming up with Zhejiang Geely Holding Group to produce smart electric vehicles. The tie-up is intended to help Baidu deploy its Apollo self-driving tech in more vehicles, a person familiar with the matter has said.(Adds Baidu’s shares in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Autohome Inc. (NYSE: ATHM) (the "Company"), the leading online destination for automobile consumers in China, today announced the launch of its Hong Kong public offering (the "Hong Kong Public Offering"), which forms part of the global offering (the "Offering") of 30,291,200 shares (the "Offer Shares") and listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") under the stock code "2518".
Autohome Inc. (NYSE: ATHM) (the "Company" or "Autohome"), China's leading online destination for automobile consumers, today announced the launch of the international offering of 27,262,000 ordinary shares (including 10,096,800 ordinary shares to be sold by Yun Chen Capital Cayman).