Wednesday, May 25, 2011

Media Ignores That Youku Raises More Cash Than LinkedIn

I'm not sure many people noticed, but Youku.com (YOKUraised approximately $400M after the close last Thursday. In total, up to an aggregate of $670M of stock was sold as pre-IPO investors cashed out close to $270M. That's assuming the over allotment of 1.8M shares were bought; those results have not been announced yet. This is remarkable considering this was a follow-on offering after the December IPO.

Youku.com is the YouTube.com or Hulu of China, depending on whom you ask. It has huge growth potential, but limited revenue so far and no profits. The company will have a market cap approaching $6B after this offering. 



Read the the full report on SeekingAlpha



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