Scalper1 News
Weibo wobbled in its stock market debut Thursday, but it didn’t fall. China’s largest microblogging service rose 19% to 20.24, but only after slipping at first, pricing at the low end of its range and selling fewer shares than expected. The IPO of the company, referred to as China’s Twitter (TWTR), priced at 17 late Wednesday, at the low end of its expected 17-19 range. It opened at 16.27, though it quickly reversed to positive territory. Weibo Scalper1 News
Scalper1 News