iQIYI: A Mostly Overlooked Chinese IPO
iQIYI expects to go public next week.
The Chinese online video leader seems overlooked by the market in comparison to other high-profile IPOs.
The proposed offering price is attractive and the focus on Chinese tariffs could hold back the IPO excitement.
As the market focuses on streaming video and music services in the U.S., a fast-growing opportunity is opening up in China. The potentially under the radar IPO of iQIYI (IQ), majority-owned by Chinese search giant Baidu (BIDU), provides an opportunity as the market focuses on more high profile public offerings and Chinese stocks face tariff related weaknesses.
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