Baidu’s shares have dropped 9.7% since Tuesday. IThey were at $85 per share and now they are at $67.58.


Baidu.com‘s shares have dropped 9.7% since Tuesday.

They were at $85 per share and now they are at $67.58.

“And that decline may be exactly what the Beijing-based Chinese Web search engine operator wanted, IPO experts said.” [Source]

Baidu.com announced on Tuesday that it will allow insider shareholders to start liquidating their holdings.

“One reason the shares are priced so highly, experts said, is that there are so few of them available. Baidu offered 4.6 million shares in its IPO, just 14 percent of the 32.9 million shares outstanding.” [Source]

Baidu.com will release 3 million outstanding shares on December 19. [Source]

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