Baidu.com IPO

August 5, 2005. Baidu.com (BIDU) up more than 400% over the IPO offering price ($27.00) on its first day of trading. Over 22 million shares changed hands. At $122.54 (closing price) its market capitalization reached $3.96 billion for a PE ratio of 1340! Total revenues for the last 12 months were $23.3 mln, net income was $2.96 mln ($ 0.09 per share).