The online video streaming platform, in which Baidu holds a majority stake, is mulling an early 2018 flotation in the US that could value it at up to $10bn.
China-based online video platform iQiyi is considering launching a US IPO in early 2018 that would give internet group Baidu an exit, Bloomberg reported today, citing two people familiar with the matter.
The company, in which Baidu holds a majority stake, would seek a valuation of between $8bn and $10bn in the IPO, and it plans to shortly begin discussions with banks over an offering.
Founded in 2010 and initially known as Qiyi, iQiyi runs a video streaming platform that…
