Sources: Baidu's chip unit Kunlunxin Technology plans a Hong Kong IPO at a $50B target valuation, asking investors to buy chips worth 3-7x their IPO investment (Qianer Liu/The Information)
Baidu’s AI chip unit is seeking a Hong Kong IPO at a $50B valuation with investor purchase commitments.
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<a href="https://www.theinformation.com/articles/baidus-chip-unit-asked-ipo-investors-buy-semiconductors"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260628/i11.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260628/p11#a260628p11" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Qianer Liu / <a href="https://www.theinformation.com/">The Information</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/articles/baidus-chip-unit-asked-ipo-investors-buy-semiconductors">Sources: Baidu's chip unit Kunlunxin Technology plans a Hong Kong IPO at a $50B target valuation, asking investors to buy chips worth 3-7x their IPO investment</a></b></span> — In China, chip companies may have found a new clientele for their semiconductors: IPO investors.</p>
Read at source: https://www.techmeme.com/260628/p11#a260628p11