VC-backed Youku raises $203 million in IPO, trading at a high premium to opening price
The same week that China’s Dangdang.com was touted as one of the largest IPOs to come out of the New York Stock Exchange this year, the public debut of Youku.com achieved the same acclaim, raking in $203 million.
Top online video site Youku traded at a more than 160% premium to its offering price - up to $33.44 a share - which is said to represent the largest spread for a US-based IPO since Baidu debuted on the...
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