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Weibo looking to raise up to USD 547 mln with Hong Kong IPO

Monday 29 November 2021 | 09:23 CET | News
Chinese messaging group Weibo has filed papers for an initial public offering in Hong Kong, amid continuing tensions with the US. The group, which has been listed on the Nasdaq since 2014, is planning to sell 11 million shares for up to HKD 388 or USD 49.80 per unit, for a total of USD 547 million at the maximum subscription price. The shares should start trading in Hong Kong on 8 December. 

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Categories: Internet / Mobile & Wireless
Companies: Weibo
Countries: China / Hong Kong
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