Dangdang.com and Youku.com Have Solid IPOs

Posted Dec 8, 2010

Two Chinese Internet companies did very well on the U.S. IPO market today. Online television website Youku.com Inc (NYSE:YOKU) and Chinese e-commerce website E-Commerce China Dangdang Inc. (NYSE:DANG) Youku has never been profitable as of yet, but they closed at $33.44 at its close on the NYSE, up 161% from its IPO price of $12.80. Youku issued 15.8 million American Depositary Shares. Dangdang was profitable for the first time last year. Dangdang closed at $29.91 on the NYSE and they were up 86.9% from the IPO price of $16. They issued a total of 17 million American Depositary Shares that were sold at a price above their revised $13-$15 price. Youku has been compared to the Chinese version of Hulu and YouTube. Dangdang has been compared to the Chinese Amazon.com. [WSJ]