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China-based Internet TV company Youku.com files for $150 million IPO

November 15, 2010

Youku.com, a China-based company that provides video content on Internet-enabled devices, filed on Monday with the SEC to raise up to $150 million in an initial public offering. The Beijing-based company, 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 pricing terms and timing were not disclosed.