Baidu-backed iQiyi, the Chinese video streaming service recently valued by analysts at $15bn, has filed for an initial public offering in the US.
Owner Baidu confirmed last week it was filing documents with the US Securities and Exchange Commission to list the streaming unit in the US.
The SEC filing to list on the Nasdaq exchange under the ticker IQ, published on Tuesday evening, gave an initial offering size of $1.5bn - a value iQiyi said was a placeholder estimate. Jeffries analysts have valued the company at $15bn.
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