Citi Appointed Depositary for Youku.com's ADS Program

Citi C today announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by Youku.com Inc YOKU., a Cayman Islands company based in China, as the depositary bank for its NYSE -listed Level 3 American Depositary Shares (ADS) program. Youku.com's ADS program was established through a $233 million initial public offering, with an offering price of $12.80 per ADS. The ADSs are listed under the symbol “YOKU”. Each ADS represents 18 Class A ordinary shares; as this is a single-listed ADS program, the underlying ordinary shares are not listed or publicly traded in the issuer's home market.