iQiyi is the Chinese company developing the video service of the same name. It call "Chinese Netflix", including thanks to the agreement on providing content made by the American company. iQiyi belongs to Baidu holding. By the end of March, 2018 iQiyi have about 60.1 million subscribers, the majority of whom (98%) is paid for access to content.
Performance Indicators
2017
In 2017 iQiyi received a loss in $552.95 million whereas the previous year monetary losses were measured by $462 million. Revenue of the company raised from 1.69 to 2.57 billion dollars.
History
2018: Entry into the exchange
On Thursday, March 29, 2018, iQiyi made primary public placement of the actions. For the IPO company selected the Nasdaq exchange.
Placement of iQiyi took place at the price of $18 for an action. To opening of the exchange securities began to cost $18.2, however at the time of the end of biddings the indicator decreased to $15.55, i.e. more than for 13%.
As a result market capitalization of the company according to the results of the first exchange session made $11 billion while analysts predicted higher rate. For example, in Jefferies investment bank expected cost at the level of $17 billion.
According to the analyst of Pacific Epoch research firm Canaan Guo, investors are concerned by that, what is the time will occupy iQiyi entry into profitable business. The CEO of Qiyi the Gong Yu (Gong Yu) said that the companies are not important fluctuations of quotations.
 | We are not disturbed by short-term volatility. In the future you will see how brought us the IPO much — reported Yu. |  |
Despite public sale of shares by the major shareholder of iQiyi there was the Chinese Internet giant Baidu which before the IPO had a 69.6 percent share in iQiyi. The head of Baidu Robin Li noted that when the company went public, it managed to attract only $100 million, and now actions stand in 85 times more, than at the time of the IPO. Li hoped that the same will happen to securities of iQiyi.[1]
Notes
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