Round Type
Post-IPO Equity
BeijingContent And PublishingMedia And EntertainmentGamingDescription
iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that the Company has entered into subscription agreements with Baidu and a consortium of financial investors that include Oasis Management Company Ltd., who have agreed to subscribe for and purchase from the Company, through a private placement, a total of 164,705,882 newly issued Class B ordinary shares and 304,705,880 newly issued Class A ordinary shares of the Company, for a total purchase price of US$285 million in cash. Baidu will subscribe for Class B ordinary shares, and the financial investors will subscribe for Class A ordinary shares. The private placement is subject to customary closing conditions and the closing is expected to take place in the near future.
Quick answer
iQIYI raised an undisclosed amount in a Post-IPO Equity round, dated March 4, 2022. iQIYI is based in Beijing, Beijing, China.
- How much did iQIYI raise?
- iQIYI raised an undisclosed amount in a Post-IPO Equity round on March 4, 2022.
- What does iQIYI do?
- iQIYI, Inc. is an innovative market-leading online entertainment service in China.
- Where is iQIYI based and how big is it?
- iQIYI is based in Beijing, Beijing, China.
Source: Fundz verified event record.
Who else raised in Content And Publishing and Media And Entertainment around the same time
Companies in the same sectors as iQIYI that raised within 45 days of this round, from Fundz verified event records.
- B2Digital, Inc. raised $270K (Seed) on April 18, 2022.
- Gamefam raised $25M (Series A) on March 23, 2022.
- Sundays raised $10M (Series A) on March 16, 2022.
- B2Digital, Inc. raised $120K (Seed) on March 16, 2022.
- B2Digital, Inc. raised $270K (Seed) on March 2, 2022.
- Vertiqal Studios raised $1.6M (Seed) on March 2, 2022.
Who to call at iQIYI, and when
A new round usually means iQIYI is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day iQIYI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at iQIYI, from your own LinkedIn network
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iQIYI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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