BEIJING, March 17, 2021 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU) (“Baidu” or the “Company”), a top AI firm with powerful Internet foundation, right now introduced the pricing of the worldwide supplying (the “Worldwide Supplying”) of 95,000,000 new Course A common shares (the “Provide Shares”), which includes an international supplying (the “International Presenting”) and a Hong Kong community supplying (the “Hong Kong Public Providing”). The remaining supply value for both of those the International Featuring and the Hong Kong General public Providing (the “Provide Price”) has been set at HK$252.00 for each Present Share. Based mostly on the ratio of eight common shares for every Nasdaq-mentioned American depositary share (“Advertisements”), the Supply Cost interprets to close to US$260.01 for each Advertisements based on an trade level of HK$7.7534 to US$1.00. Topic to acceptance from The Inventory Trade of Hong Kong Minimal (the “SEHK”), the Provide Shares are anticipated to start out buying and selling on the Most important Board of the SEHK on March 23, 2021 below the stock code “9888.” The Global Supplying is expected to close on the identical day, issue to customary closing problems.
The gross proceeds to the Business from the World Presenting, ahead of deducting underwriting costs and the featuring expenses, are predicted to be around HK$23,940 million. In addition, the Business has granted the international underwriters an more than-allotment selection, exercisable from March 17, 2021 until eventually 30 days thereafter, to involve the Business to difficulty up to an further 14,250,000 new Class A standard shares at the Offer you Rate.
The Company strategies to use the web proceeds from the Providing for the pursuing uses: continuing to spend in technologies and enrich commercialization of the Firm’s improvements centered around AI even further increasing Baidu Cell Ecosystem and boosting and diversifying monetization and performing capital and basic corporate reasons to aid the Company’s organization procedure and development.
BofA Securities, CLSA and Goldman Sachs (in alphabetical order) are the joint sponsors and joint worldwide coordinators for the Global Presenting. CICC, UBS and CCBI are also performing as joint world coordinators.
The International Supplying is being manufactured only by implies of a prospectus dietary supplement and the accompanying prospectus incorporated in an automatic shelf registration statement on Variety F-3 submitted with the U.S. Securities and Exchange Commission (the “SEC”) on March 9, 2021, which immediately grew to become productive on submitting. The registration assertion on Sort F-3 and the preliminary prospectus supplement dated March 11, 2021 are obtainable at the SEC website at: http://www.sec.gov. The ultimate prospectus health supplement will be submitted with the SEC and will be obtainable on the SEC’s web-site at: http://www.sec.gov. When accessible, copies of the closing prospectus nutritional supplement and the accompanying prospectus relating to the featuring might also be received from BofA Securities, NC1-004-03-43, 200 North Higher education Avenue, 3rd ground, Charlotte NC 28255-0001, Interest: Prospectus Section, or E-mail: [email protected] CLSA Confined, E-mail: [email protected] and Goldman Sachs & Co. L.L.C., 200 West Avenue, New York, NY 10282-2198, Awareness: Prospectus Office (1-866-471-2526), or E-Mail: [email protected].
This press release shall not represent an offer to offer or the solicitation of an offer or an invitation to obtain any securities, nor shall there be any supply or sale of these securities in any point out or other jurisdiction in which these kinds of supply, solicitation or sale would be illegal prior to the registration or qualification less than the securities legislation of any this kind of state or other jurisdiction. This push launch does not represent a prospectus (including as described less than the regulations of Hong Kong) and probable traders should examine the prospectus of the Firm for specific information about the Firm and the proposed providing, before choosing no matter whether or not to spend in the Corporation. This push release has not been reviewed or accredited by the SEHK or the Securities and Futures Commission of Hong Kong.
The price tag of the Shares of the Firm may be stabilized in accordance with the Securities and Futures (Cost Stabilization) Principles. The particulars of the supposed stabilization and how it will be controlled underneath the Securities and Futures Ordinance (Chapter 571 of the legal guidelines of Hong Kong) have been contained in the prospectus of the Business dated March 12, 2021.
Launched in 2000, Baidu’s mission is to make the complex world more simple via technological innovation. Baidu is a major AI business with potent Online foundation. Baidu’s ADSs trade on the NASDAQ World Decide on Marketplace beneath the image “BIDU”. Presently, each and every Adverts represents eight Class A normal shares.
Harmless Harbor Assertion
This announcement has forward-seeking statements. These statements are manufactured below the “risk-free harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-wanting statements can be identified by terminology these types of as “will,” “expects,” “anticipates,” “upcoming,” “intends,” “designs,” “believes,” “estimates,” “self-assured” and similar statements. Among the other issues, the outlook for the initially quarter of 2021, quotations from administration in this announcement, as very well as Baidu’s and other parties’ strategic and operational designs, comprise ahead-searching statements. Baidu could also make composed or oral ahead-searching statements in its periodic studies to the U.S. Securities and Trade Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or workforce to 3rd get-togethers. Statements that are not historic info, which includes but not constrained to statements about Baidu’s beliefs and expectations, are forward-on the lookout statements. Forward-looking statements include inherent pitfalls and uncertainties. A amount of things could cause genuine results to vary materially from all those contained in any ahead-on the lookout statement, which includes but not minimal to the following: Baidu’s expansion tactics its future enterprise development, including development of new products and solutions and expert services its capacity to bring in and keep users and consumers level of competition in the Chinese World wide web lookup and newsfeed marketplace competition for on line internet marketing clients modifications in the Company’s revenues and selected expense or expenditure things as a share of its revenues the consequence of ongoing, or any long term, litigation or arbitration, like individuals relating to intellectual property rights the anticipated development of the Chinese-language Web look for and newsfeed marketplace and the amount of Web and broadband buyers in China Chinese governmental guidelines relating to the Web and World-wide-web search vendors, and general economic disorders in China and elsewhere. Even further information and facts about these and other dangers is involved in the Company’s annual report on Form 20-F and other paperwork submitted with the Securities and Exchange Fee. Baidu does not undertake any obligation to update any ahead-looking statement, besides as necessary beneath applicable legislation. All information offered in this press launch and in the attachments is as of the day of the push release, and Baidu undertakes no obligation to update these types of information and facts, besides as expected beneath applicable legislation.
Investors Relations, Baidu, Inc.
E-mail: [email protected]
Resource Baidu, Inc.