Weibo prices 16.8M-share IPO at $17

|About: Weibo Corporation (WB)|By:, SA News Editor

Weibo (WB) has priced a 16.8M-share IPO at $17 each.

At the low end of its range, the pricing means a raise of some $285.6M, less than it was signaling earlier this month.

The total also suggests a total valuation of $3.6B. The offering is being led by Goldman Sachs and Credit Suisse.

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