Weibo IPO Launch Reflects Continued Market Weakness

By | April 17, 2014

Scalper1 News

Weibo (WB) wobbled in its stock market debut Thursday, but it didn’t fall. China’s largest microblogging service was up 11% in midday trading in the stock market today, 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 called China’s Twitter (TWTR) priced at 17 late Wednesday, at the low end of its expected 17-19 range. And the stock opened at 16.27, though it Scalper1 News

Scalper1 News