Rumor: Qunar May Seek USD 1 Bln IPO in H2 2013
TechWeb, 6/25/13
According to industry investors, Beijing-based Qunar Information Technology, operator of online travel price-comparison site Qunar and a subsidiary of Chinese internet company Baidu (Nasdaq: BIDU), may seek a U.S. IPO valuing the company at as high as USD 1 bln in the second half of 2013.
Qunar has reportedly balked at previous IPO proposals, reportedly due to lower-than expected valuations of the company by investors.
Editor's Note: For more information on this topic, please see "Baidu May Seek IPO for iQiyi," MD 5/20/13 issue.
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