On the evening of March 29, iQiyi was listed on the NASDAQ. The issue price was US$18. The stock code IQ. Based on the total share capital of 4.946 billion shares, Iqiyi’s post-listing valuation was approximately US$12.72 billion. Iqiyi will 2.2.5 billion U.S. dollars raised through initial public offerings (IPOs).
On February 28th, iQiyi formally submitted a prospectus to the Securities and Exchange Commission (SEC), identifying the listing location as Nasdaq in the United States and planning to raise US$1.5 billion in funds.
The iQiyi prospectus disclosed that Gong Yu held 76,651,114 common shares of iQiyi before the initial public offering, which accounted for 1.9% of the company’s total share capital. After the initial public offering, Gong Yu will hold 76,651,114 shares of iQiyi A. Ordinary shares, which account for 3.5% of the total share capital of Class A. In accordance with the price of US$18 per ADS, the market value of IGI’s shares held by Gong Yu will reach approximately US$197.1 million (approximately RMB1.239 billion). .
In addition, the prospectus shows that iQiyi’s net loss in 2015-2017 were 2.575 billion yuan, 3.074 billion yuan and 3.736 billion yuan. At the same time, iqiyi’s mobile average monthly active users (MAU) was approximately 213. Billion, the number of active users per day on the mobile terminal reached approximately 126 million, and the average number of active users and average daily users on the PC side reached 424.1 million and 53.7 million respectively.
On the evening of March 29, iQiyi was listed on the NASDAQ. The issue price was US$18. The stock code IQ. Based on the total share capital of 4.946 billion shares, Iqiyi’s post-listing valuation was approximately US$12.72 billion. Iqiyi will 2.2.5 billion U.S. dollars raised through initial public offerings (IPOs).
On February 28th, iQiyi formally submitted a prospectus to the Securities and Exchange Commission (SEC), identifying the listing location as Nasdaq in the United States and planning to raise US$1.5 billion in funds.
The iQiyi prospectus disclosed that Gong Yu held 76,651,114 common shares of iQiyi before the initial public offering, which accounted for 1.9% of the company’s total share capital. After the initial public offering, Gong Yu will hold 76,651,114 shares of iQiyi A. Ordinary shares, which account for 3.5% of the total share capital of Class A. In accordance with the price of US$18 per ADS, the market value of IGI’s shares held by Gong Yu will reach approximately US$197.1 million (approximately RMB1.239 billion). .
In addition, the prospectus shows that iQiyi’s net loss in 2015-2017 were 2.575 billion yuan, 3.074 billion yuan and 3.736 billion yuan. At the same time, iqiyi’s mobile average monthly active users (MAU) was approximately 213. Billion, the number of active users per day on the mobile terminal reached approximately 126 million, and the average number of active users and average daily users on the PC side reached 424.1 million and 53.7 million respectively.
