bearish

iQIYI Inc

IQiyi Follow-On Offer: Shifting Focus to Profits No Longer Sustainable

304 Views18 Jan 2023 13:47
iQiyi announced a follow-on offer to raise $442.3m. Recent shift in focus on profits from growth was short-lived. Recent convertible notes to PAG and follow-on suggest, iQiyi is in dire need of cash
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Shifara Samsudeen, ACMA, CGMA
Equity Analyst
LightStream Research
JapanIndustrialsEquity Bottom-UpEquity Capital Markets
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