Foreign media: iQiyi plans to carry out a $1 billion IPO in the US or Hong Kong

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Sina Technology News Beijing time on December 22 evening news, "Wall Street Journal" today quoted a number of people familiar with the news, Baidu's video site iQiyi plans to carry out IPO (IPO) next year, is expected to raise $ 1 billion , the company is valued at about $5 billion.

These people said that Baidu is considering listing Aiqiyi in Hong Kong and the United States. In addition, before the IPO, iQiyi also plans to raise funds through the issuance of convertible bonds. The specific financing scale and time are still unclear.

One person familiar with the matter said that iQiyi is expected to raise about $1 billion through an IPO. As the negotiations with potential investors continue, the number and conditions of specific financing may change.

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