U.S. Stocks Surging: iQIYI (IQ.US) Rises Over 1%, Rumored to Seek $300 Million in Financing Through Hong Kong IPO.

According to the Wisdom Financial APP, on Wednesday, iQiyi (IQ.US) opened nearly 6% higher and as of the time of publication, it had risen by 1.62% to $1.88. In terms of news, there are reports that iQiyi is seeking to raise $300 million through an IPO on the Hong Kong market. iQiyi responded by saying that they currently do not have any further information to provide.