The Price Of China Hype: Weibo Shares Near New Low

When Chinese instant messaging company Weibo listed in the U.S. in April last year, business media around the world pounced on the theme of “China’s Twitter.” Weibo raised more than $286 million, its Nasdaq-traded shares quickly “popped” and the stock eventually rose by 43% to a peak of $24.34 in September. Since then, [...]

Topics:  chinese   u.s    april    china s   twitter    weibo raised   nasdaq-traded   september   weibo   shares   
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