iQiyi (NASDAQ: IQ)may not be a household name in the U.S., but it's one of the largest streaming players in the world (and often referred to as the " Netflixof China"). The company was spun off from Chinese search leader Baidu, which still owns a majority stake. iQiyi went publicon Mar. 29 with an offering price of $18 per share.
The stock promptly fell 14%, ending the day at $15.55.5 Reasons iQiyi Stock Has Surged Over 100% in the Past Month
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