Baidu Inc. (BIDU)’s travel-booking service Inc. is planning a U.S. initial public offering that may raise about $150 million, said two people with knowledge of the matter.

Qunar, which runs China’s most popular mobile travel app, is working with Deutsche Bank AG and Goldman Sachs Group Inc. on the sale, said the people, who asked not to be identified because the process is private. An IPO may take place as early as in the fourth quarter, they said.

Source: iResearch