BIDU OPENS! CHinese GOOG??

FULL STORY
The American depositary shares were sold for $27 apiece late Thursday, above the high end of its once-raised price talk of $25. The stock will begin trading on the Nasdaq under the ticker BIDU. About 3.2 million of the shares were sold by the company, which will use the money for tech development and general purposes.
Baidu, a search engine that is occasionally billed as the Chinese Google (GOOG:Nasdaq - commentary - research), raised $109 million in the deal, which was led by Goldman Sachs, CSFB and Piper Jaffray. The IPO price values Baidu at around $870 million.
As the Chinese counterpart to Google (which owns 2.6% of the stock), Baidu.com is being compared to one of the hottest Wall Street IPOs of the last half-decade. Its revenue is only a fraction of Google's, but it has shown impressive growth in recent years, posting $4.5 million in operating cash flow in 2004 after breaking even the previous year.
Still, the company's overall market cap (not including the opening pop) is about 193 times the operating cash flow figure.

**Some one paid $82 (buy at market?) LIKE it's 1999 again!?? hmmm

Duratek...sad very sad and amusing...