iQiyi, Inc., the online-video unit of Chinese tech giant Baidu Inc. fell sharply in its first day of trading on the Nasdaq Thursday, falling 13.61% to close at US$15.55, versus its IPO price of US$18. The decline came despite a strong performance by other tech companies on the day.
UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Want to read this important story?
Access Over 11,000 stories and data posts over the past 8 years!
Register NowAlready have an account or paid subscription? Log in
