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China's online video firm Tudou IPO fully subscribed

08-16-2011 09:48 BJT

Popular Chinese online video website Tudou is looking to raise 180 million U.S. dollars in its IPO on the Nasdaq. That signals strong investor demand despite uncertain market conditions.

The country's second-largest online video firm saw its New York Stock Exchange IPO plan stalled last year due to a lawsuit brought on by the former wife of the company's chief executive. After reapplying to list on the Nasdaq, Tudou's offering was multiple times covered and orders came from a good mix of hedge funds.

Chinese online video website Tudou is looking to raise 180 million U.S. dollars in its IPO on the Nasdaq.

Tudou's listing comes after a sell off in the wake of the U.S debt downgrade. Wall Street rose on Friday but many analysts say volatile market conditions are expected to continue.

Chinese online video website Tudou is looking to raise 180 million U.S. dollars in its IPO on the Nasdaq.

 

Chinese online video website Tudou is looking to raise 180
million U.S. dollars in its IPO on the Nasdaq.

Editor:Li Wanran |Source: CNTV.CN

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