25 March 2021
Skadden advised Nasdaq-listed Baidu, Inc., a leading AI company with a solid internet foundation, on its US$3.1 billion secondary listing and global offering on the Hong Kong Stock Exchange. The final offer price for both the global offering and the Hong Kong public offering was set at HK$252.00 per Offer Share. Trading commenced on 23 March 2021.
The Skadden team was led by partners Julie Gao, Christopher Betts, Paloma Wang and Shu Du, with associates Peter Qiu, Weiwei Chen, Allan Wan, Samson Peng and Nicole Yuen, international legal consultant Lei Zhang, and trainee solicitor Hillary Chan.
Partner Steve Kwok and associates Beatriz Paterno and Zhong Guan advised on the regulatory aspects of the transaction.
For further information, please contact:
Ben Chui, Pitch & Practice Group Relationship Specialist, Skadden
ben.chui@skadden.com
