Youku.com Inc. has just filed its paperwork with the SEC to pursue an initial public offering in America via ADS share sales. After the success of China’s IPO class of 2010, it is hard to blame the company for wanting to debut. The company claims to be the leading Internet television company in China. It plans to list under the ticker “YOKU” on the New York Stock Exchange.
The company claims that its Internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices. “Youku” as a name stands for “what’s best and what’s cool” in Chinese.
It also claimed approximately 203 million monthly unique visitors from homes and offices in September 2010 and approximately 61 million monthly unique visitors from Internet cafes in August 2010. It also notes that it has 40% market share in terms of total user time spent viewing online videos in China during the second quarter of 2010, versus its closest competitor at 23% market share.
The book-runner is listed as Goldman Sachs (Asia), and other underwriters are Allen & Company, Piper Jaffray, and Pacific Crest Securities. Terms were not disclosed, although for filing purposes it filed to sell up to $150 million in Class A Ordinary Shares.
JON C. OGG
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.