China IPOs in U.S. Slump Even as Sales Rise to Record

At a time when China’s government is trying to keep the economy from overheating, a record number of its companies are selling stock in U.S. initial public offerings.

Youku.com Inc., the online video provider whose name means “excellent and cool,” E-Commerce China Dangdang Inc., the country’s largest online book retailer, and three other mainland companies plan to raise a total of $703 million this week, according to filings with the Securities and Exchange Commission. The sales would bring the number of Chinese IPOs in New York to 39 this year, surpassing the 37 in 2007, data compiled by Bloomberg show.