Tudou has priced its initial public offering in New York, raising $174 million in a deal that valued the Chinese streaming video website at $3.2 billion.
The offering is of six million shares priced at $29 each. The shares will begin trading on the Nasdaq market this week.
Tudou originally filed for its IPO in November 2010 but had to delay the offering over a legal dispute between Gary Wang, chief executive, and his ex-wife over company assets. That delay allowed Youku, Tudou’s larger rival, to pull ahead quickly. Youku raised $203 million in an IPO last December and another $670 million in a secondary offering this year.