Deals
Tudou Said to Raise $174 Million Pricing U.S. IPO Mid-Range
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Tudou Holdings Ltd., China’s second-biggest video website, raised $174 million yesterday in its U.S. initial public offering, said a person with knowledge of the matter.
The Shanghai-based company sold 6 million American depositary receipts at $29 apiece, said the person, who declined to be identified because the details aren’t public. Tudou had offered the ADRs for $28 to $30 each, according to a regulatory filing. They will start trading today on the Nasdaq Stock Market under the symbol TUDO.