China’s Video Sharing Website Enters The Nasdaq [Headlines]

Tudou, the 'Youtube of China' makes its way to Wall Street with 6m shares priced at $29 each.

Caroline Ku
  • 17 august 2011

The Chinese video sharing website Tudou plans to raise $174m (£105m) at a valuation of $3.2bn when it becomes the latest internet company to make its Wall Street debut on Wednesday.

Tudou, dubbed the Chinese YouTube, offered 6m shares priced at $29 each as it prepared to float on New York’s Nasdaq stock exchange.

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