Money
China's Tudou's IPO fully subscribed
Updated: 2011-08-15 14:52
(Agencies)
An initial public offering by China's Tudou, which is looking to raise $180 million on the Nasdaq, was multiple times subscribed, IFR reported on Monday.
Tudou, China's second largest online video website, saw its IPO plans stalled last year due to a lawsuit brought on by the firm's chief executive's former wife.
The offering was multiple times covered and orders came from a good mix of hedge funds and long-only investors in both the United States and Asia, two sources told IFR, a Thomson Reuters publication.
Tudou intends to offer 6 million American Depositary Shares for $28-$30 each in its Nasdaq IPO.
Pricing is slated for Aug 16. Credit Suisse, Oppenheimer & Co and Deutsche Bank Securities are the underwriters for the deal.
![](../../tplimages/34369.files/facebook.jpg)
Specials
![](../../attachement/jpg/site181/20110809/bc305ba24a510fab050e15.jpg)
Star journalist leaves legacy
Li Xing, China Daily's assistant editor-in-chief and veteran columnist, died of a cerebral hemorrhage on Aug 7 in Washington DC, US.
![](../../attachement/jpg/site241/20110812/b8ac6f4a8ec70faeddc317.jpg)
Robots seen as employer-friendly
Robots are not new to industrial manufacturing. They have been in use since the 1960s.
![](../../attachement/jpg/site241/20110812/bc305b9c61310faee0ab1f.jpg)
Smurfs up in China
The movie remake of a classic 1980s cartoon series is expected to have special cross-generation appeal to Chinese filmgoers