Youku.com Inc. Announces Exercise of Green Shoe Option
December 09 2010 - 8:49PM
Business Wire
Youku.com Inc. ("Youku" or the "Company") (NYSE: YOKU), a
leading Chinese Internet television company, announced that the
underwriters of its initial public offering exercised their
over-allotment option to purchase an additional 2,377,155
American depositary shares ("ADSs") from Youku at the initial
public offering price of US$12.80 per ADS, less the underwriting
discount. With this exercise, the initial public offering totaled
18,224,855 ADSs each representing 18 Class A ordinary shares of the
Company.
These ADSs started trading on the New York Stock Exchange on
December 8, 2010, under the symbol "YOKU". Goldman Sachs (Asia)
L.L.C. acted as sole global coordinator and sole bookrunner, and
Allen & Company LLC, Piper Jaffray & Co. and Pacific Crest
Securities LLC acted as co-managers for the offering.
A registration statement relating to these securities has been
declared effective by the United States Securities and Exchange
Commission on December 7, 2010. The offering of the securities is
made only by means of a prospectus forming a part of the effective
registration statement. A copy of the prospectus relating to the
offering may be obtained by contacting Goldman, Sachs & Co.,
200 West Street, New York, NY 10282, Attention: Prospectus
Department (telephone: 212-902-1171; facsimile: 212-902-9316;
e-mail: prospectus-ny@ny.email.gs.com).
About Youku
Youku.com Inc. (NYSE: YOKU) is China's leading Internet
television company. Our mission is to become the primary source of
video content for Chinese internet users across all
Internet-enabled devices. Youku offers a combination of licensed
professional content, user-generated content and self-produced web
video content. According to iResearch, Youku attracts approximately
203 million monthly unique visitors from homes and offices and 61
million monthly unique visitors from Internet cafes, and has a 40%
share of total user time spent viewing online videos among Chinese
internet users. Youku.com was launched in December 2006. For more
information, please visit http://www.youku.com/about/en/
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