- Weibo (WB) opened at $16.27, below its $17 IPO price (at the low end of a $17-$19 range) . But shares have very quickly jumped to $18.18, giving them a 6.9% gain.
- The Chinese microblogging leader is worth $3.64B. Parent Sina (SINA +2.4%), which stands to own 58% of Weibo post-IPO after accounting for its downsized offering, has shot higher as well.
- Prospectus, IPO preview
- Update (12:20PM): Weibo is now up 10.1%.
From other sites
at CNBC.com (Mar 10, 2015)
at CNBC.com (Dec 31, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Nov 10, 2014)
at CNBC.com (Oct 2, 2014)
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