Baidu.com

yo · 08-05-2005, 08:52 AM

Anyone know how I can find more information about this company? All I read are 'its the Google of China' and the company hasn't gone public yet (I think)

I just wanted to read up on more information before I decide to buy this stock or not.

Thanks

Thesifer · 08-07-2005, 03:42 AM

I had heard they went public.. But I could be wrong.. was just glancing at the paper in the airport

brainsmile · 08-07-2005, 08:51 AM

My broker says it's coming public on friday. Hmmm I got some extra cash.

zippyjuan · 08-08-2005, 12:34 AM

Already on the market:

Baidu.com Gets Rousing Welcome
By Paul Shread

Chinese search provider Baidu.com (Quote, Chart), dubbed the "Google of China," became the hottest IPO in more than five years Friday, soaring 354% in its Wall Street debut.

Perhaps Google (Quote, Chart) should strive to become the Baidu of the United States. It's taken a year for Google to add 244% to its August 2004 IPO price of $85. Baidu passed that milestone in a few hours and kept going, ending the day at $122.54, $95 higher than its $27 IPO price.

The company raised both the terms and the price of the IPO because of demand from investors, and even then, the 4 million-share offering opened at $66 when it began trading on the Nasdaq stock market and doubled from there, reaching a high of $151.21 before pulling back.

By the end of the day, the company was valued at about $4 billion — more than 100 times sales and about 300 times cash flow, a valuation that dwarfs both Google and Yahoo (Quote, Chart). But with a 200% growth rate and a commanding presence in the fast-growing Chinese Internet market, investors flocked to the IPO, trading nearly six times the number of available shares on the day.

Google fared well in Baidu's debut — the company owns a 2.6% stake in its Chinese rival, and there were also reports that Google tried to buy Baidu before it went public. Also faring well in the offering was Silicon Valley venture capital firm Draper Fisher Jurvetson, which has a 28% stake in Baidu.

The broader market fell after a stronger than expected July jobs report suggested that there is no end in sight to Federal Reserve interest rate hikes. The Fed is expected to raise rates again on Tuesday, and Cisco (Quote, Chart) will report earnings after the close that day

08-05-2005, 08:52 AM	#1
yo Lieutenant Join Date: Jun 2002 Location: Saaaan Diego Posts: 277	Baidu.com Anyone know how I can find more information about this company? All I read are 'its the Google of China' and the company hasn't gone public yet (I think) I just wanted to read up on more information before I decide to buy this stock or not. Thanks

08-07-2005, 03:42 AM	#2
Thesifer Vice Admiral Join Date: Jun 2003 Location: Oklahoma Posts: 4,338	I had heard they went public.. But I could be wrong.. was just glancing at the paper in the airport __________________

08-07-2005, 08:51 AM	#3
brainsmile Chief of Naval Operations Join Date: Jun 2000 Location: woah... why is welfareloser here with me so early in the morning and more importantly why am I wearing her clothes?!? Posts: 13,754	My broker says it's coming public on friday. Hmmm I got some extra cash. __________________ ********************************** DCM #1 (Founder) "Nobody beats Vitus Gerulaitis 18 times in a row." - Vitus Gerulaitis on beating Jimmy Connors after 17 failed attempts.

08-08-2005, 12:34 AM	#4
zippyjuan Picture of the Day Guru Join Date: Oct 2002 Location: Sunny San Diego Posts: 8,756	Already on the market: Baidu.com Gets Rousing Welcome By Paul Shread Chinese search provider Baidu.com (Quote, Chart), dubbed the "Google of China," became the hottest IPO in more than five years Friday, soaring 354% in its Wall Street debut. Perhaps Google (Quote, Chart) should strive to become the Baidu of the United States. It's taken a year for Google to add 244% to its August 2004 IPO price of $85. Baidu passed that milestone in a few hours and kept going, ending the day at $122.54, $95 higher than its $27 IPO price. The company raised both the terms and the price of the IPO because of demand from investors, and even then, the 4 million-share offering opened at $66 when it began trading on the Nasdaq stock market and doubled from there, reaching a high of $151.21 before pulling back. By the end of the day, the company was valued at about $4 billion — more than 100 times sales and about 300 times cash flow, a valuation that dwarfs both Google and Yahoo (Quote, Chart). But with a 200% growth rate and a commanding presence in the fast-growing Chinese Internet market, investors flocked to the IPO, trading nearly six times the number of available shares on the day. Google fared well in Baidu's debut — the company owns a 2.6% stake in its Chinese rival, and there were also reports that Google tried to buy Baidu before it went public. Also faring well in the offering was Silicon Valley venture capital firm Draper Fisher Jurvetson, which has a 28% stake in Baidu. The broader market fell after a stronger than expected July jobs report suggested that there is no end in sight to Federal Reserve interest rate hikes. The Fed is expected to raise rates again on Tuesday, and Cisco (Quote, Chart) will report earnings after the close that day __________________ I add new pictures to my photo gallery pretty regularly. You can see them here if you are interested: http://www.pbase.com/jeffryz

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