Tudou prices $174m Nasdaq IPO, but plummets on trading debut

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Tudou prices $174m Nasdaq IPO, but plummets on trading debut

Chinese internet company Tudou Holdings raised $174m in the US IPO market this week, but the deal showed there are good and bad aspects to pushing ahead with a listing in the midst of falling markets. The IPO could be considered a success in terms of its primary execution — but it fell heavily on its first day of trading.

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