BEIJING, May 19, 2011 /PRNewswire-Asia/ -- Youku.com Inc.
(NYSE: YOKU), the leading Internet television company in
China ("Youku" or the "Company"),
today announced that its follow-on public offering of 12,310,000
American depositary shares ("ADSs") by the Company and certain of
its pre-IPO investors was priced at US$48.18 per ADS. Each ADS represents 18 Class A
ordinary shares of the Company. In connection with this offering,
the underwriters have been granted the option to purchase up to an
aggregate of 1,800,000 additional ADSs from certain selling
shareholders at the public offering price less underwriting
discounts.
Youku will not receive any proceeds from the sale of the ADSs by
the selling shareholders. The gross proceeds to the Company will be
approximately US$400 million. Goldman
Sachs (Asia) L.L.C. acted as the
sole bookrunner, and Allen & Company LLC, Barclays Capital
Inc., Piper Jaffray & Co. and
Pacific Crest Securities LLC acted as co-managers for the
offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
on May 19, 2011. This press release
shall not constitute an offer to sell, or a solicitation of an
offer to buy, the securities described herein, nor shall there be
any offer, solicitation or 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.
This offering is being made only by means of a written
prospectus forming a part of the effective registration statement.
A copy of the prospectus related to this 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. is China's
leading Internet television company. Our Internet television
platform enables users to search, view and share high-quality video
content quickly and easily across multiple devices. Youku, which
stands for "what's best and what's cool" in Chinese, is the most
recognized online video brand in China. Youku's American depositary shares,
each representing 18 of our Class A ordinary shares, are traded on
NYSE under the symbol "YOKU."
For more information, please
contact:
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Investor Relations:
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Ryan Cheung
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Corporate Finance
Director
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Youku.com Inc.
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Tel: (+8610) 5885-1881
x6090
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Email: ryan.cheung@youku.com;
or
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Caroline Straathof
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IR Inside
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Tel: (+31) 6-54624301
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Email:
caroline.straathof@irinside.com
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SOURCE Youku.com Inc.