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Minou

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Minou

Re: happycampers post# 25

Monday, 08/08/2005 1:33:10 PM

Monday, August 08, 2005 1:33:10 PM

Post# of 54
From Ant&Sons

Baidu.com IPO Could be the Google of China

Baidu.com has officially priced its IPO at $27, way above the original $23-25 estimated range and intial IPO price of $19. Baidu.com is the most used Chinese language Internet search provider. It is the sixth largest website in the world during the last quarter, and Google owns a 2.6% stake in the company, with rumors to be acquiring a larger stake in Baidu. The company is already profitable, with revenue of $13.4 million and there are high expectations for Baidu to compete in the booming search engine market. According to Briefing.com, other plays to watch with this stock include Telecom Communications (OTC: TCOM), Netease.com Inc. (Nasdaq: NTES) and Ctrip.com (Nasdaq: CTRP).

I am wondering why TCOM does not PR that info, this is all good news.


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