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Tudou subscribed multiple times after reapplying to list on Nasdaq

08-18-2011 08:35 BJT

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China's second largest online video website is expected to list on the Nasdaq on Wednesday. Tudou has sold six million American depositary shares so far.

Tudou priced its American depositary receipts at 29 US Dollar a share, the midpoint of its expected range, raising over 170 million US dollars. The firm's IPO plan stalled last year due to a lawsuit, and after Tudou reapplied to be listed on the Nasdaq, its offering was subscribed multiple times.

Photo provided by Nasdaq shows Gary Wang (L), CEO of Tudou, China's second-largest online video site Tudou Holdings Ltd., attending a ceremony at Nasdaq, New York, Aug. 17, 2011. Tudou on Wednesday issued shares on Nasdaq Stock Market, just one week after the markets underwent a huge turbulence following the downgrade of U.S. credit rating. (Xinhua)

Photo provided by Nasdaq shows Gary Wang (L Front), CEO of Tudou, China's second-largest online video site Tudou Holdings Ltd., attending a ceremony at Nasdaq, New York, Aug. 17, 2011. Tudou on Wednesday issued shares on Nasdaq Stock Market, just one week after the markets underwent a huge turbulence following the downgrade of U.S. credit rating. (Xinhua)

 

Editor:Zhang Dan |Source: CNTV.CN

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