I read the article and the numbers are very attractive to (only, wtf) institutional investors. I have two questions for anyone kind enough to enlighten me.
- Why is this available to institutional investors only?
- How can we expect the stock to react in the short term, given the news of this offering?
Edit article link: https://globenewswire.com/news-release/2018/11/30/1659759/0/en/iQIYI-Prices-Offering-of-US-650-Million-Convertible-Senior-Notes.html
Thank you very much!
Submitted December 01, 2018 at 08:17AM by BuddingNation https://ift.tt/2KKiscP
