Youku.com, a China-based company that provides video content on Internet-enabled devices, announced terms for its IPO on Friday. The Beijing-based company plans to raise $146 million by offering 15.4 million ADSs at a price range of $9-$11. At the mid-point of the proposed range, Youku.com will command a market value of $974 million. Youku.com, which was founded in 2005 and booked $23 million in sales last year, plans to list on the NYSE under the symbol YOKU. Goldman Sachs (Asia) L.L.C. is the lead underwriter on the deal, for which timing was not disclosed.
