Mixed performance after sell-downs in Youku Tudou and Soufun

Youku Tudou rallies after a Temasek affiliate raises $185 million from the sale of its entire stake, while Soufun falls below the placement price after General Atlantic reduces its holdings by $124 million.

Youku Tudou, which runs an internet platform similar to Youtube where users can watch and share video content, was created in August last year.

By Anette Jönsson

September 15, 2013

Two shareholders in Youku Tudou and Soufun Holdings took advantage of the recent gains in internet-related stocks at the end of last week to monetise all or part of their holdings in the two US-listed Chinese companies.

Sennett Investments, which is an affiliate of Temasek Holdings, sold its remaining 6% stake in internet video site Youku Tudou, raising $184.8 million, while private equity firm General Atlantic sold close to 20% of its holdings in real estate-focused internet portal Soufun, pocketing $124.2 million. Credit Suisse was the sole bookrunner for both transactions.

The two deals launched after the end of US trading on Thursday, which meant they...

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