Weibo rises following IPO

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%.

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Comments (2)
  • Pete P.
    , contributor
    Comments (1019) | Send Message
    Weibo is expected to kill it with revenue and earnings growth over the next few years.
    17 Apr 2014, 12:59 PM Reply Like
  • dezee
    , contributor
    Comments (4049) | Send Message
    Missed this one badly, hope to see it lower
    17 Apr 2014, 06:13 PM Reply Like
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