News map Phoenix International iMarkets News Beijing time on the morning of February 28, according to Bloomberg News, Baidu-supported Chinese entertainment company iQiyi applied for IPO in the United States. From the documents of the US Securities and Exchange Commission, iQiyi's financing target is 1.5 billion US dollars, but there may be changes. Last year, relevant people familiar with the matter said that iQiyi sought a market valuation of $10 billion. As of the end of 2017, iQiyi has 50.8 million subscribers, and the video streaming service provided is similar to NETF lix in the United States. The Goldman Sachs Group, Credit Suisse Group, and Bank of America will lead the IPO. iQiyi applied for listing on NASDAQ, stock code IQ.
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