Youku.com (NYSE:YOKU) has become the first internet video company to manage to be listed on the NYSE. Youku.com’s shares traded higher than $37. This is triple the opening price of the initial public offering at $12.80.Youku.com will be competing against Google’s Youtube for online video traffic. The first day for Youku.com began with the ringing of the NYSE bell by the CEO and Founder Victor Koo. This is the second Chinese company in this month to apply to be traded under the New York Stock Exchange. The other competitor for Youku, Tudou Holdings has also applied to NASDAQ. It currently has a market cap of 2.2 billion, above that of AOL (NYSE:AOL).
Youku.com (NYSE:YOKU) has become the first internet video company to manage to be listed on the NYSE. Youku.com’s shares traded higher than $37. This is triple the opening price of the initial public offering at $12.80.
Youku.com will be competing against Google’s Youtube for online video traffic. The first day for Youku.com began with the ringing of the NYSE bell by the CEO and Founder Victor Koo. This is the second Chinese company in this month to apply to be traded under the New York Stock Exchange. The other competitor for Youku, Tudou Holdings has also applied to NASDAQ. It currently has a market cap of 2.2 billion, above that of AOL (NYSE:AOL).
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