Youku.com Inc. Announces Pricing of Initial Public Offering on the New York Stock Exchange
December 07 2010 - 11:35PM
Business Wire
Youku.com Inc. ("Youku" or the "Company") (NYSE: YOKU), a
leading Chinese Internet television company, announced that its
initial public offering of 15,847,700 American depositary shares
("ADSs"), each representing 18 Class A ordinary shares of the
Company, was priced at US$12.80 per ADS. The ADSs will begin
trading on the New York Stock Exchange on December 8, 2010, under
the symbol "YOKU". Youku has granted the underwriters an option to
purchase up to an additional 2,377,155 ADSs from Youku at the
initial public offering price less the underwriting discount.
Goldman Sachs (Asia) L.L.C. acted as sole global coordinator and
sole bookrunner, and Allen & Company LLC, Piper Jaffray &
Co. and Pacific Crest Securities LLC acted as co-managers for the
offering.
A registration statement relating to these securities has been
declared effective by the United States Securities and Exchange
Commission. This news release does not constitute an offer to sell
or issue or the solicitation of an offer to buy or acquire
securities of Youku described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
The offering of the securities is made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the prospectus relating to the offering may be obtained
by contacting Goldman, Sachs & Co., 200 West Street, New York,
NY 10282, Attention: Prospectus Department (telephone:
212-902-1171; facsimile: 212-902-9316; e-mail:
prospectus-ny@ny.email.gs.com).
About Youku
Youku.com Inc. (NYSE: YOKU) is China's leading Internet
television company. Our mission is to become the primary source of
video content for Chinese internet users across all
Internet-enabled devices. Youku offers a combination of licensed
professional content, user-generated content and self-produced web
video content. According to iResearch, Youku attracts approximately
203 million monthly unique visitors from homes and offices and 61
million monthly unique visitors from Internet cafes, and has a 40%
share of total user time spent viewing online videos among Chinese
internet users. Youku.com was launched in December 2006. For more
information, please visit http://www.youku.com/about/en/
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