China’s Twitter-esque Sina Weibo is now one big step closer to its IPO. The social network has filed a new form with the US SEC that shows Weibo will price its shares in the US$17 to $19 range. If it debuts at the top of that range, Weibo will raise $437 million. Weibo had 143.8 million monthly active users in March. Earlier this week, Weibo – which is a spin-off from web portal company Sina (NASDAQ:SINA) – revealed that it has opted for NASDAQ rather than the NYSE. Its stock ticker will be NASDAQ:WB.
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Sunday, 6 April 2014
Sina Weibo sets price range for shares, aims to raise $437 million in IPO
China’s Twitter-esque Sina Weibo is now one big step closer to its IPO. The social network has filed a new form with the US SEC that shows Weibo will price its shares in the US$17 to $19 range. If it debuts at the top of that range, Weibo will raise $437 million. Weibo had 143.8 million monthly active users in March. Earlier this week, Weibo – which is a spin-off from web portal company Sina (NASDAQ:SINA) – revealed that it has opted for NASDAQ rather than the NYSE. Its stock ticker will be NASDAQ:WB.
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