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Baidu celebrates 5 years IPO on NASDAQ

08-06-2010 14:58 BJT

Nasdaq held a special ceremony on Thursday, to celebrate the five-year listing anniversary of Baidu Incorporation.

Baidu is the largest Chinese company listed on the New York-based stock exchange. Baidu debuted on the Nasdaq on August 5th, 2005, with an initial offering price of 27 U.S. dollars per share. Its stock price soared more than 30 times within five years.

With a market value of over 30 billion dollars, Baidu now is among the top three Internet stocks on the U.S. equity market. Despite the Chinese search engine giant reportedly planning more overseas investment, Baidu says it will always value the domestic market.

Jennifer Li, CFO of Baidu said "Our business is based in China. Most of our users are Chinese. So naturally we hope we could return profits to China's capital market, and share them with Chinese investors. That's why we have been considering joining the A share market."

Editor:Xiong Qu |Source: CNTV.CN

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