Baidu's iQiyi picks BofA, C. Suisse, Goldman for U.S. IPO: IFR
Baidu Inc`s iQiyi, a Netflix style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans.
Bank of America, Credit Suisse and Goldman Sachs will help manage the deal, expected for as soon as the first half of 2018, added IFR, a Thomson Reuters publication.
Baidu and the three banks did not immediately reply to Reuters requests for comment on the IPO plans.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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