Chinese Youtube debuts in New York

    January 04, 2011 | BY

    clpstaff &clp articles

    Youku.com (Youku) has raised US$203 million through its New York Stock Exchange initial public offering. The Chinese internet television company, sometimes…

    Youku.com (Youku) has raised US$203 million through its New York Stock Exchange initial public offering. The Chinese internet television company, sometimes referred to as the “Chinese Youtube”, issued 15.9 million American depository shares.

    A Hong Kong Skadden Arps Slate Meagher & Flom team led by Julie Gao acted for the issuer. The underwriters were advised by Simpson Thacher & Bartlett.

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