Tag Archives: twtr
Baidu, Other China Tech Stocks Sink As Alibaba Rises
China-based e-commerce leader Alibaba Group (BABA) surged in its first day of trading after a record-breaking U.S. IPO, but it didn’t bring many other China Internet stocks — friends or foes — with it. Alibaba was up 35%, near 92, in afternoon trading in the stock market today. But Weibo (WB) stock was down a fraction, near 21. The China microblog, nicknamed “China’s Twitter (TWTR),” debuted at 17 in its April IPO and had touched an all-time high
Twitter Ups Its Bond Offering, Investors Disapprove
Twitter boosted the size of its bond offering to $1.8 billion — up from the original $1.3 billion — based on demand. The bond offering marks the first major fundraising effort for the San Francisco-based microblogging service since its November 2013 IPO. Twitter (TWTR) announced the pricing of $900 million in convertible senior notes due in 2019 and a second $900 million of convertible senior notes due in 2021 in a regulatory filing late Friday.