Sina rallies; Weibo IPO reportedly could happen by June

|About: Sina Corporation (SINA)|By:, SA News Editor

Sources tell PrivCo Sina (SINA +6.6%) plans to launch a Weibo IPO as early as June. That's in-line with a recent WSJ report stating a Q2 offering is planned.

Citing peer valuations (including those given to WhatsApp and Twitter), PrivCo thinks Weibo is worth up to $8B; the FT has reported Sina (current market cap of $4.7B) is aiming for a $7B-$8B valuation.

Such a valuation would spell a windfall for Alibaba (ABABA), which bought an 18% stake in the Chinese microblogging leader last year at a $3.26B valuation, and has an option to up its stake to 30%.