AsianFin -- Chinese video streaming giant iQIYI has tapped Bank of America, JPMorgan, and CICC to manage a potential secondary listing in Hong Kong, sources familiar with the matter told Reuters. The offering could raise between $200 million and $300 million.
The company aims to file its application in the third quarter, with one source indicating the listing could be completed before the 2026 Lunar New Year in mid-February.
iQIYI, which is controlled by Chinese internet powerhouse Baidu Inc. and currently trades on Nasdaq, declined to comment.
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