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Tag Archives: Social networks

Sina Weibo IPO

Sina Weibo’s shares jumped 19 percent in its first day of trade on Wall Street.    Ahead of its debut on the Nasdaq stock exchange, China’s Twitter equivalent Sina Weibo sold 16.8 million US depository shares at $17 (12.3 euros) each, raising $258.6 million. The IPO was less than the company had hoped for, however once the bell rang Thursday, a ... Read More »