Baidu : May Raise Up to $3.5 Billion in Hong Kong Listing, Bloomberg Reports

--Chinese search engine giant Baidu Inc. plans to raise at least $3.5 billion in a Hong Kong listing, Bloomberg says, citing unnamed sources.

--Baidu could sell its shares in Hong Kong as soon as the first half of the year, and has selected CLSA Ltd. and Goldman Sachs Group as two of the banks handling the listing, the sources said.

--More banks could be added and the size and timing of the offering are subject to change, the sources further said.

Full story: https://bloom.bg/2MySduY

Write to Singapore editors at [e-mail]

(END) Dow Jones Newswires

01-07-21 0551ET