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<IPO>BIDU-SW's Kunlunxin Appoints CICC/ Other Investment Banks for HK IPO, May Raise US$2B: Rumor
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BIDU-SW (09888.HK)s Kunlunxin has confidentially submitted a listing application to the Hong Kong Stock Exchange.

Kunlunxin appointed investment banks such as CICC, CITIC Securities and Huatai Securities to handle the IPO, Bloomberg quoted insiders as saying. The estimated fundraising scale will reach up to US$2 billion.

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