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China’s Online Vedio Tudou.com to Offer 6Mln ADS in IPO

08-04 17:13 Caijing


»Tudou Holdings Ltd, a Chinese online video company, plans to offer 5.57 million American Depositary Shares including 430,000 from a shareholder for 28-30 U.S. dollars each on Nasdaq in its initial public offering, according to a company filing with the U.S. Securities and Exchange Commission early Thursday.

»Calculated on the middle price of the indicative price range, Tudou is expected to raise 161 million U.S. dollars from the IPO. If the underwriters exercised their rights to oversubscribe all of the 900,000 shares, the video company will receive a total of 18 million U.S. dollars, according to the filing.

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