Weibo, the influential microblogging service owned by Sina, has reportedly raised just $285.6 million in its initial public offering, according to Bloomberg. The service's underwhelming IPO, however, should not be taken as a harbinger of doom for other Chinese tech companies that plan to list soon on U.S. stock exchanges.

Topics:  sina   bloomberg   ipo   chinese   u.s    read more   weibo   underwhelm   service   
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