国际英语新闻：Baidu celebrates 5-year IPO on Nasdaq

Baidu successfully debuted on Nasdaq on Aug. 5, 2005, with an initial offering price of 27 U.S. dollars per share. It currently trades around 86 dollars per share after a 1:10 shares split earlier this year, which means its stock price soared more than 30 times within the five years.

With a market value of over 30 billion dollars, Baidu now is among the top three Internet stocks in the U.S. equity market.

China is now the largest overseas market for the Nasdaq Stock Market, with a total of 148 listed companies, more than any other U.S. exchange.

There were a total of 33 Chinese companies that landed on Nasdaq in 2009. By the end of July this year, there had already been 25 new listings on Nasdaq from China, including nine IPOs, 12 over-the-counter bulletin board (OTCBB) upgrades and four switches.