iQIYI intends to submit its application for a secondary listing in Hong Kong during the third quarter of 2025, aiming to raise an estimated $200 million to $300 million, with the potential to complete the process by the Lunar New Year in 2026. This announcement boosted iQIYI's U.S. stock price by nearly 2% in pre-market trading. The company has initiated discussions with several international investment banks regarding this endeavor.
