Latest Chinese Internet IPO Instantly Tanks

cliff dive

[credit provider=”bzo, Flickr” url=”http://www.flickr.com/photos/bzo/14417381/”]

Mini-bubble over.Shares of Tudou, the Chinese YouTube that went public today instantly went negative once it started trading.

After pricing at $29, it immediately fell around 15%, though it’s come back a bit.

Still, hats off to them for coming public at all in this market.