Upcoming Baidu IPO
Goldman Sachs, Credit Suisse First Boston and Piper Jaffray are the underwriters. Baidu plans to raise up to US$80 million with the IPO. Based on recent revenue, profits and risk factors I do not think BIDU deserves a market cap greater than any of the three major Chinese portals (SINA, SOHU, NTES) right now. I will wait until after the IPO to evaluate if I am interested in buying BIDU at current market prices.
Read more about Baidu on my new blog http://jdmba.blogspot.com
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