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Posted on: March 29, 2018, 9:01 a.m.
Beijing-based IQIYI Inc. said Thursday its initial public offering priced at $18 a share, as the online entertainment company raised $2.25 billion. The IPO was expected to price between $17 and $19 a share. The 125 million American Depositary Shares sold in the offering will be listed on the Nasdaq Global Market under the ticker symbol "IQ." IQIYI, billed as the "Chinese Netflix," granted the underwriters of the offering options to buy an additional 18.75 million ADS. Goldman Sachs (Asia), ... Full investment news articleRelevent to this post: University of Nebraska Foundation,