Wall Street might have another China-based winner on its hands.
Chinese video site Youku made its debut on the New York Stock Exchange yesterday, and after all the trading was said and done, the stock price was up 161 percent over its initial per-share price of $12.80. It closed the day at $33.44. That momentum is helping to carry the stock to even greater heights today. As of this writing, Youku shares are up nearly $5 to $38.36. The company's market cap is now at over $2.6 billion.
Youku's IPO success is following in … Read more