Date: Fri Aug 5, 2005 11:30 am
Baidu.com, search engine for China with an IPO price today of $27 (increasedfrom 19 – 20) is at $147 right now in 3 hours of trading. If I can breakthis down, the company had 14 Mil revenue last year and has a market cap at147 bucks of 4.3 Billion. 4 million float only which is why the price iswhere it is at. Stock is not marginable, which means you can’t short it fornow.
And you thought March 2000 was crazy :)
