YOKU Chinese IPO Opens (YOKU)

Priced at @12.80, opening over 100% higher, shares of Chinese YouTube-like IPO YOKU are under heavy demand. The company sold 15,847,700 shares for $12.80 each, raising about $203 million. It had planned to sell 15.4 million American Depositary Shares for $9 to $11 each.
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