China's iQiyi taps banks for up to $300 million Hong Kong second listing, sources say
HONG KONG, Aug 19 (Reuters) - Chinese video streaming platform iQIYI IQ.O has tapped Bank of America, CICC and JPMorgan to work on its Hong Kong second listing that could raise between $200 million and $300 million, said two people with knowledge of the matter.
iQIYI, China's answer to Netflix, plans to file its listing application confidentially in the third quarter, said one of the people, adding a listing, pending regulatory approvals, could happen before the 2026 Lunar New Year which falls in mid-February.
The people declined to be named as the information was private.
Nasdaq-listed iQIYI, controlled by Chinese internet giant Baidu Inc 9888.HK, declined to comment.
Spokespeople for Bank of America BAC.N and JPMorgan JPM.N declined to comment. Chinese investment bank CICC (China International Capital Corp) 601995.SS did not immediately respond to a request for comment.
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