Tudou offering could shore up No 2 ranking

BEIJING - Tudou Holdings Ltd, which is clinging to second place in China's online video market, could shore up its position in the sector with funds raised from a pending initial public offering (IPO), analysts said.

Tudou is seeking to raise up to $180 million in an IPO on the Nasdaq, it said in a filing to the US Securities and Exchange Commission (SEC) on Wednesday.

That would be 50 percent more than stated in its initial SEC filing in November. The IPO was delayed by a dispute between the company's founder, Gary Wang, and his ex-wife.