US Stock Market Move | Baidu Inc Sponsored ADR Class A (BIDU.US) rises more than 5% in pre-market trading, with reports that Kunlun Xinyi plans to go public in Hong Kong.
On Friday, Baidu (BIDU.US) rose more than 5% in pre-market trading, reaching $125.47 USD.
On Friday, Baidu Inc Sponsored ADR Class A (BIDU.US) rose more than 5% in pre-market trading, reaching $125.47. In terms of news, according to reports, multiple sources have said that Kunlun Semiconductor has begun preparations for listing in Hong Kong and plans to submit an IPO application to the Hong Kong Stock Exchange as early as the first quarter of 2026, with the goal of completing the IPO in early 2027. The company's latest round of financing has valued it at approximately 21 billion RMB (about $2.97 billion USD).
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