Youku (YOKU) to File Registration Statement Related to Offering of ADS' by Youku, Certain Pre-IPO Investors
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Youku (Nasdaq: YOKU) planning to file a registration statement with the SEC related to an offering of the company's ADS's by Youku and certain pre-IPO investors.
The amount and timing of the offering are subject to market conditions.
The majority of the offering will likely be primary shares to be issued by Youku with the rest being secondary shares to be sold by certain pre-IPO investors.
The purpose of the offering is to provide additional capital to Youku for investments in technology, expansion of sales and marketing efforts, and general corporate purposes.
The amount and timing of the offering are subject to market conditions.
The majority of the offering will likely be primary shares to be issued by Youku with the rest being secondary shares to be sold by certain pre-IPO investors.
The purpose of the offering is to provide additional capital to Youku for investments in technology, expansion of sales and marketing efforts, and general corporate purposes.
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