YOKU doing a $600m Secondary less than 6 months after IPO. And why not?

05 May 2011 23:08 EDT DJ Youku.com, Investors Plan Up To $600 Mln Share Offering

BEIJING (Dow Jones)–Chinese online video company Youku.com Inc. (YOKU) said it and some of its investors plan to sell up to $600 million worth of American Depositary Shares in the company, with the majority of the offering composed of primary shares issued by Youku.

Youku said in a prospectus filed with the U.S. Securities and Exchange Commission dated Thursday the $600 million figure includes additional shares that its underwriters could choose to buy, in addition to the secondary shares to be sold by investors who invested in Youku before its initial public offering in December. It didn’t elaborate.

The firm didn’t specify the number of American Depositary Shares it and its investors will sell.

-By Owen Fletcher, Dow Jones Newswires; 8610 8400 7702; [email protected]