One IPO This Week: Tudou Holdings

Aug.16.11 | About: Tudou Holdings (TUDO)

The following IPO is expected to price this week:

Tudou Holdings (NASDAQ:TUDO), one of China's two leading online video websites, plans to raise $174 million by offering 6 million shares at a price range of $28 to $30. At the mid-point of the proposed range, Tudou Holdings will command a market value of $867 million. Tudou Holdings, which was founded in 2005, booked $51 million in sales over the last 12 months. The Shanghai, China-based company plans to list on the NASDAQ under the symbol TUDO. Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal.

Renaissance Capital will have Pre-IPO Research available on this upcoming IPO prior to its pricing.

Last week, there were 2 IPO pricings. Carbonite (NASDAQ:CARB), which is a leading provider of online backup solutions for consumers and SMBs, was the week's winner, ending up 30% from its IPO price.