2014/04/17

Weibo wells fewer shares than expected in much-anticipated IPO

Wall Street Journal :: Weibo Corp., China’s version of Twitter, raised $286 million in its initial public offering in New York, falling short of expectations. The IPO launch for the company, which has more than 100 million active users, was seen as a big test of demand for Chinese Internet stocks ahead of a hotly anticipated Alibaba Group Holding Ltd. listing. 

Read Staff, China Real Time, blogs.wsj.com

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