Youku IPO

China's YouTube plans follow-on share sale

Youku, a Chinese YouTube copy, has said the deal could be as large as $600 million, although a portion of the shares will be sold by pre-IPO investors.

<div style="text-align: left;"> Youku, a Chinese version of YouTube, is aiming to sell new equity after its share price has more than quadrupled since the December IPO (AFP) </div>

Anette Jönsson

May 09, 2011

Youku.com, China’s largest online video company, is planning to raise fresh capital through a follow-on sale of American depositary receipts (ADRs) it said in a filing with the Securities and Exchange Commission after the US market closed on Thursday. The announcement came less than six months after the company went public in New York.

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