Chinese web search engine Baidu.com (Google is a minority shareholder) went public today with its IPO on NASDAQ. Shares opened at $66 more than tripling the IPO price of $27. As I post this item shares are trading at $92. Also, Baidu's CEO, Robin Li, did not comment on rumors that Google tried to buy the company prior to today's IPO.
In an interview with CNBC, he [Robin Li] said the company is "happy" to have Google as a shareholder and that Baidu.com "will keep its options open" as it moves ahead.
Introducing SES Online
Want to view one of the sessions you missed or listen to an especially informative presenter a second time? SES New York sessions are available for purchase on ClickZ Academy's new e-Learning site. SES is now Online!
