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Baidu (BIDU)
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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 Alexa.com. 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.

baidu.com
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1811China's iQiyi snaps up game maker Skymoons in $300 million deal Reuters•JulSr K-July 18
1810Why are Baidu, Alibaba, and Tencent investing in FII? It might seem unusual forLynn1July 14
1809Buy Baidu as advertising revenue returns, AI projects grow: KeyBanc cnbc.comJakeStraw-July 9
1808BIDU has been showing support at 236.28 and resistance at 259.35. Stochastic oscAlejandroo Green-July 4
1807Baidu and China Mobile Announce Comprehensive Strategic Cooperation to Advance IJakeStraw-June 14
1806Baidu Loses a Key Executive Axios May 21, 2018 [graphic] Baidu COO Lu Qi speaGlenn Petersen-May 22
1805A potential Baidu breakthrough in AI-based apps or services, including autonomouHumbleGuy-May 22
1804Baidu was downgraded by analysts at Credit Suisse Group from an "outperformJakeStraw-May 18
1803On watch for clear above 284.22. [graphic]Alejandroo Green-May 17
1802 Baidu Inc Stock Is Really Cheap, Especially for ‘China’s Google’ finance.yahooJulius Wong-May 2
1801Baidu Is Partying Like It's 2015 China's online search leader exceeds thJakeStraw-April 27
1800Baidu’s video business iQiyi to raise up to $1.5B in US IPO techcrunch.comJakeStraw-February 28
1799Baidu Sees Maps for Self-Driving Cars as Bigger Business Than Web Search technolJakeStraw-January 12
1798Search Giant Baidu Launches Blockchain-as-a-Service Platform Sujha SundararajanGlenn Petersen-January 12
1797chart shows strength. Looking for breakout at 252.90. [graphic]Alejandroo Green-12/19/2017
1796Getting ready for the bounce back up. [graphic]hollyhunter-12/8/2017
1795Going way back, I think Robin Li "invented" search algorithms based onSr K-12/7/2017
1794Backchannel has been profiling the AI initiatives of the major tech companies. TGlenn Petersen-12/7/2017
1793Wired is too wordy, as if they just discovered Baidu. … to chronicle this tenuoSr K-12/7/2017
1792Inside Baidu’s Bid to Lead the AI Revolution Author: Jessi Hempel Backchannel DGlenn Petersen112/7/2017
1791ATH 272.07.Sr K-10/16/2017
1790A series of all-time highs today, up to 253.84. Latest 253.59, +5.90. On no newSr K-10/9/2017
178952-week high today, 242.70 last 241.90Sr K-9/22/2017
1788Baidu places a huge bet on autonomous driving technology: Message 31275045Glenn Petersen-9/22/2017
1787BIDU hit a 52-week high today, 233.79 prices not seen since the first days of 2Sr K-9/1/2017
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