HONG KONG, Aug 19 (Reuters) - Chinese video streaming
platform iQIYI has tapped Bank of America ( BAC ), CICC and
JPMorgan ( JPM ) to work on its Hong Kong second listing that could
raise between $200 million and $300 million, said two people
with knowledge of the matter.
iQIYI, China's answer to Netflix ( NFLX ), plans to file its listing
application confidentially in the third quarter, said one of the
people, adding a listing, pending regulatory approvals, could
happen before the 2026 Lunar New Year which falls in
mid-February.
The people declined to be named as the information was
private.
Nasdaq-listed iQIYI, controlled by Chinese internet giant
Baidu Inc ( BIDU ), declined to comment.
Spokespeople for Bank of America ( BAC ) and JPMorgan ( JPM )
declined to comment. Chinese investment bank CICC (China
International Capital Corp) did not immediately
respond to a request for comment.