iQiyi Nasdaq IPO

Overview:

• iQiyi has undertaken an IPO on Nasdaq.
• The company has managed to raise $2.25 billion. 
• The issuer is a video streaming service provider.
• Goldman Sachs, Credit Suisse and Bank of America Merrill Lynch have acted as underwriters on the deal.
• Proceeds will be used against firm's rivals like Alibaba's Youku Tudou.

Katrin Kostadinova - Data analyst