Today’s IPO of Youku.com saw the stock jump over 100% after pricing at $12.80.
Youku.com is a video site in China, and has been called the YouTube or Hulu of of the country (check it out here).
It is now trading around $29 a share.
Youku is not the only explosive Chinese IPO today. Dangdang, which is the largest online book seller in China (China’s Amazon.com), also popped. Shares were priced at $16 each, and are now trading above $27 a share.
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