From the IPO announcement on their web site: "BEIJING, March 29, 2018 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced the pricing of its initial public offering of 125,000,000 American Depositary Shares ("ADSs"), each representing seven Class A Ordinary Shares of the Company, at a price of US$18.00 per ADS for a total offering size of US$2.25 billion, assuming the underwriters do not exercise their option to purchase additional ADSs.
these shares are released for sale from purchasers(insiders) of initial offering of IPO after being locked up from date of purchase.( this helps others who bought afterwards from being scammed) |
