Technology Stocks: Baidu (BIDU)  
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BIDU 163.010.0%Apr 22 8:10 PM EDTNews
Baidu was the most frequently used search engine in China in 2004, according to a survey by Shanghai iResearch Co., and was the second-largest Web site in China in terms of user traffic during the three months ended July 18, according to Net income for the three months that ended in March was $303,000, more than double compared with the same period a year ago.

There are likely more good times ahead, since China's Internet market is growing at a fast clip: according to iResearch, the number of Internet search users in China is projected to grow at a compound annual growth rate of 27.5% from 2005 to 2007.

"This company has a growth opportunity that's going to be seen by investors as enormous," says Paul Bard, an analyst with Renaissance Capital LLC in Greenwich, Conn. "And I'm sure what people are going to say is, wow, this could be what Google was three years ago."

Even Google appears to think the company is a good investment: The U.S. search engine owns 2.6% of Baidu, according to Securities and Exchange Commission filings, and isn't listed among the entities that plan to sell their stakes in the IPO.

The IPO is to be underwritten by Goldman Sachs Group Inc.'s Goldman Sachs (Asia) LLC, Credit Suisse Group's Credit Suisse First Boston and Piper Jaffray Cos., and will trade in the form of American depositary shares on the Nasdaq Stock Market under the symbol BIDU.

Baidu is selling 3.7 million shares to the public, a 12% sliver of the 31.7 million shares that will be outstanding after the offering. The company's executives, directors, and venture-capital firms will continue to own substantial stakes in Baidu after it goes public.

(from The Wall St Journal)

Goldman Sachs is lead underwriter and it is expected to begin trading at $19-$20. 
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1720US judge rules Baidu's censorship is protected as free speech The lawsuit sozax-03/28/2014 01:52 PM
1719That's an automated analysis and report. When it's going up, it's a Sr K-03/12/2014 02:01 AM
1718A few weeks ago Zacks gives Baidu 1 rating which means strong buy. Now Zacks givmanalagi-03/11/2014 11:31 PM
1717Steifel Financial Corporation ( SF) has upgraded Baidu Inc.'s ( BIDU) stock manalagi103/06/2014 12:37 PM
1716All-time high 185.58. 185.70 Sr K-03/06/2014 11:51 AM
1715Qunar Cayman Islands Limited (QUNR) ran to an all-time high. BIDU is +10.28 nearSr K-03/06/2014 11:22 AM 9:04 AM Upgrades (BIDU) tgt raised to $220 from $195 atSr K-02/27/2014 01:22 PM
1713BIDU is in record territory, after spiking to 187.95 after-hours, after reportinSr K-02/26/2014 04:38 PM
1712All-time high this morning, 184.87. Closed at 181.79.  Sr K-01/08/2014 05:52 PM
1711Japan Warns of Security Risk in Software for Language Input By Grace Huang and Sr K-12/26/2013 07:50 AM
1710Baidu Enhances International Product Family With Baidu Browser 3.0 Free AndroidSr K-12/16/2013 02:15 PM  Sr K-12/15/2013 06:33 PM
1708I suppose Robin Lee is now the richest man in China. Bidu is like the energizermanalagi-12/10/2013 03:06 PM
1707It's gone through a series of them and just went through 178. 178.61 high Sr K-12/10/2013 11:39 AM
1706What is the PT? manalagi-12/09/2013 08:00 PM
1705ATH of 172.00.  Sr K-12/09/2013 09:51 AM
1704Baidu subsidiary stops taking Bitcoins.  Sr K-12/06/2013 06:39 PM
1703ATH 170.78. 12:05 PM Sr K-12/05/2013 12:12 PM  Robin Li Passes Wang Jianlin as China’s Wealthiest Man By BSr K-12/04/2013 03:32 PM
1701There was a triple top breakout early (first ~10 minutes) today, and BIDU.closedSr K-12/03/2013 05:47 PM
1700Li Becomes China’s 2nd-Richest Man as Baidu Shares Climb By Bloomberg News - NovSr K-11/19/2013 11:38 PM
1699Bitcoin also gained further legitimacy and attention when a subsidiary of BaiduSr K-11/19/2013 01:48 AM
1698Baidu PC Faster Launches Free Version 4.0 for Rapidly Growing User Base WorldwidSr K111/13/2013 08:03 PM
1697Nov. 1 (Bloomberg) -- Baidu CEO Robin Li talks with Bloomberg's Emily Chang Sr K-11/01/2013 05:00 PM
1696Nov. 1, 2013, 11:34 a.m. EDT China's Qunar soars almost 100% on U.S. debut Sr K-11/01/2013 11:57 AM
1695Wonder why not much attention was given to the following during the CC, especialmanalagi-10/30/2013 06:16 PM
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