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Company Description (as filed with the SEC)
On September 20, 2005, our founder, Victor Wing Cheung Koo, incorporated 1Verge
Inc. in the Cayman Islands. On November 14, 2005, we established our wholly
owned subsidiary, 1Verge Internet Technology (Beijing) Co., Ltd., or 1Verge
Internet, in Beijing, China. On June 20, 2008, we changed the company’s name
from 1Verge Inc. to Youku.com Inc. Since our inception, we have conducted the
majority of our operations in China.
On December 8, 2010, our ADSs began trading on the New York Stock Exchange under
the ticker symbol “YOKU.” We issued and sold a total of 18,224,855 ADSs,
representing 328,047,390 Class A ordinary shares, at an initial offering price
of $12.80 per ADS. On May 25, 2011, we completed a follow-on offering of
12,310,000 ADSs by our Company and certain of our pre-IPO investors,
representing 221,580,000 Class A ordinary shares, at a price of US$48.18 per
ADS. ... More ...
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