https://www.reuters.com/article/us-baidu-hongkong-listing/baidu-to-sell-around-4-of-shares-in-hk-listing-sources-idUSKBN2B30FI

Chinese search engine Baidu Inc will launch its Hong Kong secondary listing on Friday and will sell around 4% of its shares, which at current price will raise at least $3 billion, two sources with direct knowledge of the matter told Reuters.