The ‘Chinese Netflix’ iQiyi is gearing up for$2 billion–plus IPO: 4 things to know

The Netflix of China is coming to a (trading) screen near you.

The Chinese streaming company iQiyi Inc., majority-owned by Chinese search giant Baidu Inc., is planning to list its shares in the U.S. next week in a deal expected to raise more than $2 billion.

The company is planning to offer 125 million American depositary shares, priced at $17 to $19 a pop, to raise $2.38 billion at the top of the forecast range. That would imply a market capitalization of $14.4 billion, making it the biggest deal of the year so far, according to Kathleen Smith, principal at Renaissance Capital, a provider of institutional research and IPO-themed ETFs.

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