Today, I found that Baidu Logo has a small flag of Nasdaq. It turns out that Robin Li has made it, and Baidu has gone public.

alas, there is another Internet company full of copper smell in China.

Sina Science and Technology News on August 5, 11:40 Eastern time (23:40, Beijing time), Baidu (Nasdaq:BIDU) shares are officially listed on the Nasdaq in the United States, with an offering price of US $27 and an opening price of US $66, which is US $39 higher than the offering price. Baidu sold a total of 4.04 million American depositary receipts, each equivalent to a Class A common share, raising $109.1 million.
according to Baidu's prospectus, the company issued a total of 32.3 million shares. At $27 a share, Baidu would have a market capitalization of $872.6 million.
the underwriters of Baidu's IPO are Goldman Sachs, Credit Suisse first Boston and Piper Jaffray. Robin Li, the company's founder, plans to sell 250000 Baidu shares, equivalent to 3 per cent of his stake, in an initial public offering, according to a filing by Baidu on Aug. 3. After selling the shares, Robin Li still owns 22% of Baidu. At its offering price of $27 a share, Robin Li will be worth more than $200 million, on a par with Jiang Nanchun, founder of focus Media, who went public not long ago. Xu Yong, another founder of Baidu, plans to sell 160000 Baidu shares, equivalent to 7 per cent of his stake. After selling the shares, Xu Yong still owns 7% of Baidu.
in addition to the two founders, Draper Fisher Jurvetson ePlanet Venture Capital also owns 28% of Baidu, but has no plans to sell its shares in an initial public offering. In addition, Integrity Partners owns 11% of Baidu and Google holds 2.6% of Baidu. (Martin)