On March 23, Baidu, Inc. has successfully completed its secondary listing on the main board of the Hong Kong Stock Exchange, raising about HK$ 23.94 billion.
Skadden, Arps, Slate, Meagher & Flom and affiliates, King & Wood Mallesons and Maples and Calder (Hong Kong) LLP served as the legal advisors to the issuer on Hong Kong and U.S. laws, PRC laws and Cayman Islands laws respectively.
Davis Polk & Wardwell and Haiwen & Partners served as the legal advisors to joint sponsors on Hong Kong and U.S. laws and PRC laws respectively.
Baidu, Inc. has the largest Chinese search engine, the largest Chinese website in the world. Prior to this listing, it was listed on NASDAQ on August 5, 2005.