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Iqiyi ( (IQ) ) has shared an update.
On February 20, 2025, iQIYI, Inc. announced the pricing of its upsized offering of US$350 million in convertible senior notes due 2030. The funds raised will be used to repay existing debt securities and for general corporate purposes. Concurrently, iQIYI entered into agreements to repurchase approximately US$300 million of its existing convertible notes. These transactions may affect the market price of iQIYI’s American Depositary Shares (ADSs) and other debt securities due to potential market activities by noteholders engaged in convertible arbitrage strategies.
More about Iqiyi
iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster innovation and produce blockbuster content. The company offers a diverse range of professionally produced and other video content, utilizing advanced AI and big data analytics to support its platform. Its monetization model includes membership services, online advertising, content distribution, and more.
YTD Price Performance: 21.61%
Average Trading Volume: 24,125,213
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.21B
See more data about IQ stock on TipRanks’ Stock Analysis page.
