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Provider: Reuters Investment Profile
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Baidu Inc's Unit Qunar prices IPO Above Range, Raises $167 Million-Reuters


Thursday, 31 Oct 2013 11:40pm EDT 

Reuters reported that Baidu Inc unit priced initial public offering above a revised marketing range, raising a higher-than-expected $167 million in the deal, IFR reported citing sources with direct knowledge of the deal. The Company had already raised the marketing range previously from an original $9.50 to $11.50 per ADR. Deutsche Bank DBKGn.DE, Goldman Sachs GS.N and Stifel led the IPO. 

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