iQIYI Announces Proposed Offering of American Depositary Shares
BEIJING, Jan. 17, 2023 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced an underwritten public offering (the "Offering") of 76,500,000 American Depositary Shares, each representing seven Class A ordinary shares, par value $0.00001 per share, of the Company (the "ADSs").
- BEIJING, Jan. 17, 2023 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced an underwritten public offering (the "Offering") of 76,500,000 American Depositary Shares, each representing seven Class A ordinary shares, par value $0.00001 per share, of the Company (the "ADSs").
- The Offering will be made pursuant to an effective shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov.
- A preliminary prospectus supplement and accompanying prospectus related to the Offering have been filed with the SEC and will be available on the SEC's website at www.sec.gov.
- This press release contains pending information about the Offering, and there can be no assurance that the Offering will be completed.