The Internet IPO is back?if you are a Chinese Internet company.
Youku, the YouTube of China, saw its shares pop more than 100 percent in its IPO today. Shares were priced at
$12.80, but they are currently trading at
$27.60.. That is a 116 percent jump. According to its
SEC filing, the company lost $25 million on total revenues of $35 million for the first nine months of 2010. The company raised $120 million prior to the IPO, and another $203 million at the IPO.
Hilarie Burton Kelly Carlson Sara Foster Natassia Malthe
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