Baidu Set to Go Public

Shares of Baidu, the Chinese search engine, are set to go public this Thursday. The company will trade on the NASDAQ under the symbol BIDU.

As you might expect, Baidu’s IPO is getting a great deal of buzz. The company is being touted as the Chinese version Google. In fact, Google has invested in the company, and some observers think Google will eventually buy the whole thing. Google’s influence is clear as Baidu’s site mimics Google’s minimalist design.

According to Francis Gaskins, an IPO expert, Baidu will carry a price/earnings ratio of 528. I think I know how this story will end.

Posted by on July 31st, 2005 at 3:58 pm

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