March 29, 2018 -- iQiYi Inc. (NASDAQ: IQ) successfully issued its IPO of American Depositary Shares (ADS) priced at $18 on NASDAQ in the eastern time zone, raising roughly $ 2.25 billion, making it the largest IPO of a China-based company on the exchange in the year 2018.

The largest online video streamer in China, iQiYi attracts an average of 126 million daily and 420 million monthly active users. As of February 28, 2018, the site has 601 million subscribers on average. iQiYi has launched a large intellectual copyright (IP) procurement plan in addition to embarking on the quality original production of big hits like “Grave Robbers’ Chronicles”, “U Can U Bibi” and “The Rap of China”.

As iQiYi’s Chinese legal consultant, Jingtian & Gongcheng supported the entire IPO process.