Beijing-based Chinese online travel search engine Qunar.com has filed with the Securities and Exchange Commission for a US$125 million IPO on the NASDAQ.
In 2011, Baidu paid US$306 million for a majority stake in Qunar and currently holds a 61.05% stake before the company’s IPO.
Qunar reported sales of US$58.5 million for the six months ended June 30, 2013, and a net loss of US$2.8 million.
Qunar plans to trade under the ticker symbol "QUNR".
Goldman Sachs (Asia) and Deutsche Bank Securities are serving as co-lead underwriters.
(Update on Nov 13, 2013: Qunar.com raised a total of US$166.7 million in the IPO, according to an updated prospectus.)