Youku.com Inc. Celebrates its IPO on the New York Stock Exchange
09 December 2010 - 2:56AM
Business Wire
On Wednesday, December 8, executives and guests of Youku.com
Inc., a leading Chinese Internet television company, visited the
New York Stock Exchange to celebrate the company’s initial public
offering which raised $202.85 million in gross proceeds. The
Company’s American Depositary Shares began trading today,
Wednesday, December 8, on the NYSE under the ticker symbol
“YOKU”.
Youku.com Inc. Founder and Chief
Executive Officer Victor Koo rings the NYSE Opening Bell joined by
members of the company's management team. (Photo: Business
Wire)
"Youku is China’s leading Internet television company founded on
the entrepreneurial vision of Victor Koo and a welcome addition to
our global community of listed companies,” said Duncan Niederauer,
CEO, NYSE Euronext. “Youku is a technology and content innovator
that is changing the way China interacts online, and with its NYSE
listing is offering U.S. investors an opportunity to participate in
its growth story.”
"This is a great day for Youku and our team who have worked so
hard to achieve this important milestone," said Youku Founder and
Chief Executive Officer Victor Koo. "Today, Youku became the first
Internet television company to be listed on New York Stock
Exchange, which I believe will elevate our brand, solidify our
leadership, extend our lead in the market, and increase further the
entry barriers. This step will position Youku for future
development and growth to be the primary video content provider for
Chinese Internet users across all Internet-enabled devices."
To commemorate Youku.com Inc.’s listing on the NYSE, Founder
and Chief Executive Officer Victor Koo rang The Opening BellSM
at the NYSE.
About Youku (NYSE: YOKU)
Youku.com Inc. (NYSE: YOKU) is China's leading Internet
television company. Our mission is to become the primary source of
video content for Chinese internet users across all
Internet-enabled devices. Youku offers a combination of licensed
professional content, user-generated content and self-produced web
video content. According to iResearch, Youku attracts approximately
203 million monthly unique visitors from homes and offices and 61
million monthly unique visitors from Internet cafes, and has a 40%
share of total user time spent viewing online videos among Chinese
internet users. Youku.com was launched in December 2006. For more
information, please visit http://www.youku.com/about/en/ (Source:
Youku.com Inc.)
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the S&P 100 index and Fortune 500.
For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext’s plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on NYSE Euronext’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext’s results to differ
materially from current expectations include, but are not limited
to: NYSE Euronext’s ability to implement its strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk and U.S. and
global competition, and other factors detailed in NYSE Euronext’s
reference document for 2009 ("document de référence") filed with
the French Autorité des Marchés Financiers (Filed on April 22, 2010
under No. D.10-0304), 2009 Annual Report on Form 10-K and other
periodic reports filed with the U.S. Securities and Exchange
Commission or the French Autorité des Marchés Financiers. In
addition, these statements are based on a number of assumptions
that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation
by NYSE Euronext that the projections will prove to be correct.
This press release speaks only as of this date. NYSE Euronext
disclaims any duty to update the information herein.
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