youtube

Tudou becomes the second Chinese online video company to list in the US after pricing its IPO at the mid-point of the range.

Youku.com and a group of its pre-IPO investors raise $539 million in the US, while Maoye secures $131 million through a top-up placement after the Hong Kong market closes on Friday.

Youku, a Chinese YouTube copy, has said the deal could be as large as $600 million, although a portion of the shares will be sold by pre-IPO investors.