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Leading Chinese video website Tudou files for $120 million IPO

November 9, 2010

Tudou Holdings Limited, which is the leading video website operator in China, filed on Tuesday with the SEC to raise up to $120 million in an initial public offering. The Shanghai-based company, which was founded in 2004 and booked $17 million in sales last year, plans to list on the NASDAQ under the symbol TUDO. Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.