From the Business Report:
China’s largest Internet search engine, Baidu.com, is preparing to issue shares in New York, hoping to raise more than $200 million (R1.19 billion), the Financial Times newspaper reported on Tuesday.
Beijing-based Baidu.com refused comment on the report, which said the company may have appointed investment banks Credit Suisse First Boston and Goldman Sachs to manage its initial public offering.
“I can only say ‘no comment,”‘ said Funny Bi, Baidu’s marketing manager. “I can only assure you that the Financial Times’ information isn’t based on our official channels.”
