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Baidu, Inc. Class A ( (HK:9888) ) has provided an announcement.
Baidu, Inc. has advanced plans to spin off and separately list its AI chip subsidiary Kunlunxin on the Main Board of the Hong Kong Stock Exchange, as Kunlunxin has confidentially submitted a Form A1 listing application through its joint sponsors. The spin-off is expected to be executed via a global offering of Kunlunxin shares, combining a Hong Kong public offering with a placement to institutional and professional investors, and Baidu intends to retain Kunlunxin as a subsidiary after the transaction. Key parameters of the deal, including offering size, structure, and Baidu’s post-offering stake, remain undecided, and the transaction is still contingent on regulatory approvals in Hong Kong and mainland China as well as final decisions by both companies, leaving uncertainty on timing and execution for shareholders and prospective investors.
The most recent analyst rating on (HK:9888) stock is a Hold with a HK$122.00 price target. To see the full list of analyst forecasts on Baidu, Inc. Class A stock, see the HK:9888 Stock Forecast page.
More about Baidu, Inc. Class A
Baidu, Inc., incorporated in the Cayman Islands and listed in both Hong Kong and on Nasdaq, operates under a weighted voting rights structure with dual-class shares. The company is a leading Chinese technology group best known for its internet search and AI-driven services, and it also controls Kunlunxin, an industry-leading provider of AI computing chips and integrated hardware‑software systems focused on intelligent computing solutions.
Average Trading Volume: 14,679,667
Technical Sentiment Signal: Buy
Current Market Cap: HK$356.7B
For a thorough assessment of 9888 stock, go to TipRanks’ Stock Analysis page.