Tudou Announces Pricing of Initial Public Offering on NASDAQ

SHANGHAI, Aug. 17, 2011 /PRNewswire-Asia/ -- Tudou Holdings Limited (NASDAQ: TUDO) ("Tudou" or the "Company"), a leading online video company in China, today announced that it has priced its initial public offering of 6,000,000 American depositary shares ("ADSs"), with each ADS representing four Class B ordinary shares of the Company, at US$29 per ADS, with a total offering size of US$174 million, assuming no exercise of the over-allotment option by the underwriters. Tudou is offering 5,570,000 ADSs, and the selling shareholder is offering 430,000 ADSs. The ADSs will begin trading on the NASDAQ Global Market on August 17, 2011 under the symbol "TUDO."

The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 ADSs at the initial public offering price, less the underwriting discounts and commission, to cover over-allotments of ADSs, if any.

Credit Suisse Securities (USA) LLC ("Credit Suisse") and Deutsche Bank Securities Inc. ("Deutsche Bank") acted as the joint bookrunners, and Oppenheimer & Co. Inc. acted as the co-manager, for the offering.

Tudou's registration statement relating to the initial public offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse, Attn: Prospectus Department, Prospectus Department, One Madison Avenue, Level B1, New York, NY 10010, United States, or by calling 1-800-221-1037; Deutsche Bank, Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, United States; or by calling 1-800- 503-4611, or email: [email protected].

About Tudou.com:

Tudou.com is a leading online video company in China, where users can upload, view and share videos. The Company's comprehensive video entertainment library includes user generated videos, premium licensed content, as well as made-for-Internet, in-house produced original series. Moreover, the Company is also a key supporter of aspiring artists through various initiatives including Warehouse No. 6, its independent talent incubator; "Orange Box," its in-house production group; and its annual Tudou Video Festival. The Company's content is accessible on the web as well as through mobile devices allowing users to access video content whenever and wherever they choose. Tudou's vision is to build an online community of video enthusiasts where people can connect with like-minded people, find what they want to see, and share what they create.

SOURCE Tudou

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