Weibo prices Hong Kong share offering for gross proceeds of HKD 3 billion

Thursday 2 December 2021 | 16:58 CET | News
Chinese messaging group Weibo has priced its initial public offering in Hong Kong. The sale of 11 million shares, including 5.5 million ordinary shares from parent Sina and 5.5 million from the company itself, was priced at HKD 272.80 per offered unit. This translates into around USD 35 per share under the latest exchange rate, well below the recent trading price of the company's ADS listed on the Nasdaq market in the US.

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