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| VIEW EVENT INFORMATION: Hulu |
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IPO Gives Chinese Video Site Youku A $3.3 Billion Market Cap; Worth More Than AOL |
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About the organization Hulu:
Type: Business
Sub-Types: Website, Streaming Agent, Telecommunication Software, Application Software |
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Notable Organizations: Hulu, Techcrunch
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| Shares of Chinese video site Youku soared on its IPO today, closing at $33.44, which is 160 percent above its offering price of $12.80. Since Youku’s 15.8 million shares of American Depository Receipts (ADRs) represent 16 percent of the total shares, the closing price gives Beijing-based $Youku a market cap of roughly $3.3 billion. In other words, it is worth more than $AOL (owner… |
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