#Youku, A Chinese Video Site A Hit On NYSE, http://snapvoip.blogspot.com/
Youku shares soared on its IPO, closing at $33.44, which is 160 percent above its offering price of $12.80 on NYSE. Youku’s 15.8 million shares of American Depository Receipts (ADRs) represent 16 percent of the total shares of the company, the closing price gives Beijing-based $Youku a market cap of roughly $3.3 billion. Not a bad deal for site planing to cover billions of users. Where is Chinese Youtube?
Youku via Techcrunch