Seeking Alpha

Weibo, Leju close with big post-IPO gains

  • Though pre-IPO demand was muted (leading to conservative pricing) and initial trading wasn't impressive, Weibo (WB +19.1%) and Leju (LEJU +18.6%) closed up strongly. The former is now worth $4.05B (21x sales), and the latter $1.57B (4.7x sales).
  • Sina (SINA +6.7%) managed to follow Weibo higher, but E-House (EJ -5%) couldn't get a similar lift from Leju.
  • Chinese Internet companies with upcoming IPOs - the list includes JD.com, Jumei.com (JMEI), and Cheetah Mobile - are likely breathing sighs of relief.
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Comments (3)
  • dezee
    , contributor
    Comments (2746) | Send Message
     
    Nice move on WB which is next?
    17 Apr 2014, 06:26 PM Reply Like
  • peteryzhang
    , contributor
    Comments (72) | Send Message
     
    Alibaba I thought
    17 Apr 2014, 10:18 PM Reply Like
  • depueman
    , contributor
    Comments (129) | Send Message
     
    How can EJ, which owns 80% of LEJU, go down 5% while LEJU explodes upward??
    17 Apr 2014, 11:00 PM Reply Like
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