It appears that China-related IPOs that list on the US exchanges are the latest fad, with Youku.com being the latest example. Shares (Nasdaq: YOKU) went up 161% upon their offering, and reached as high as $50/share from an initial price of $12.80. Doesn’t anybody remember what happened in 1998 and 1999? Amazing how history is … Continue reading Sleeping through 1999 and not learning the lessons of the past