Baidu’s iQiyi Falls 13.6% In First Day Of Trade After $2.25B Nasdaq IPO

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.

China Money Network

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