Baidu to sell around 4% of shares in HK listing: sources

HONG KONG (Reuters) – Chinese search engine Baidu Inc will launch its Hong Kong secondary listing on Friday and will sell around 4% of its shares, which at current price will raise at least $3 billion, two sources with direct knowledge of the matter told Reuters.

The sources could not be named as the information has not yet been made public and the company declined to comment.

(Reporting by Scott Murdoch in Hong Kong and Yingzhi Yang in Beijing; Editing by Jacqueline Wong)