Baidu, VC-owned Qunar ups US IPO target
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, has increased the indicative price range for its forthcoming IPO and is now expected raise as much as $155.4 million.
The company, which is also backed by GSR Ventures and GGV Capital, originally planned to sell 11.11 million American Depository Shares at $9.50-11.50 apiece. According to a regulatory filing, the shares...
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