US media: iQIYI and beep beep Mile Mile United States listed bell countdown

  US media said China there are two large technology companies ready to launch an initial public offering, planned in New York Exchange.

  According to Bloomberg News website reported March 16, after more than 20 Chinese companies listed in the United States last year, Baidu’s video streaming company iQIYI and video sites beep beep Mile Mile 16, also submitted a prospectus. According to documents iQIYI filed with the Securities and Exchange Commission, the company plans to fund-raising as much as $ 2.4 billion, plans to issue American Depositary Receipts million shares, expected price range of $ 17 to $ 19.

Beep beep Mile Mile said in its filing, the company applies for issuing 4200 million American depositary receipts, is expected to issue price range of $ to the dollar, up to billion dollars financing. According to Bloomberg statistics show that last year the number of US listed Chinese companies reached its highest level since 2010. Despite the loss of investors in this type of transaction in 2017 on the basis of the weighted average of 11%, but the deal did not seem to slow down the rhythm. Bloomberg said, iQIYI and beep beep Mile Mile are streaming online entertainment platform. IQIYI prospectus said that as of the end of February the company has 60.1 million users, of which more than 98% of paying customers.

The company focuses on producing original content, such as movies and television variety shows and original.

  According to reports, last year iQIYI total revenue climbed to $ 2.7 billion, a net loss of $ million.

The company has applied for an initial public offering on the NASDAQ Global Market under the ticker symbol IQ, Goldman Sachs, Credit Suisse Group and Bank of America, Inc. is the IPO underwriters.

  Beep beep miles miles citing data from mobile data services provider Quest provided that the company focus on younger audiences, its user base, about 82 percent of people born in China in 1990 to 2009 in the prospectus.

By the end of 2017, the number of monthly active users beep beep miles miles is 71.8 million. Beep beep miles miles last year net income of $ million and a net loss of $ 28 million.

The company has applied for the listing on the NASDAQ Global Select Market under the ticker symbol BILI. Morgan Stanley, Bank of America and JP Morgan Chase & Co. is its IPO underwriters.

  According to "Bloomberg Business Week" reported March 19, iQIYI will be held March 29 "landing" NASDAQ. Prior to iQIYI day is listed on the Nasdaq B station (beep beep miles miles), raising between $ million to $ million. Two Chinese companies are listed on the exact date of origin Nasdaq official.

  March 17, iQIYI submitted a prospectus update file with the US Securities and Exchange Commission (SEC). Its largest IPO fund-raising amount from $ 1.5 billion in adjusted billion dollars; expected IPO price ranged between every dollar to every dollar.

Prospectus also shows that as of the end of February 2018, iQIYI size of up to 60.1 million members, an increase of 9.3 million compared with 2017’s 50.8 million.

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