clock menu more-arrow no yes mobile

Weibo -- "Twitter of China" -- Set for U.S. IPO

China’s Weibo priced its initial public offering at $17 per American Depository Share, at the bottom of its planned range, an underwriter told Reuters.

That put the value of the microblogging firm, which will trade under the ticker symbol “WB” on the Nasdaq on Thursday, at $3.46 billion. Bloomberg noted that would make it half as valuable as Twitter.

Read the rest of this post on the original site »

This article originally appeared on