China's Baidu to sell around 4% of shares in HK listing: sources – Reuters

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FILE PHOTO: A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo

HONG KONG (Reuters) – Chinese search engine giant Baidu Inc will launch its Hong Kong secondary listing on Friday and will sell around 4% of its shares, which at current price will raise at least $3 billion, two sources with direct knowledge of the matter told Reuters.

The sources could not be named as the information has not yet been made public. Baidu declined to comment on the launch.

Baidu shares, listed

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