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04-17-2014, 05:41 PM
**t Quite Twitter: Weibo IPO Fizzles Out
http://rack.2.mshcdn.com/media/ZgkyMDE0LzA0LzE3L2M5L1dlaWJvMS45NGQ3NS5qcGcKcAl0aH VtYgk1NzV4MzIzIwplCWpwZw/90024000/d1a/Weibo1.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=**t+Quite+Twitter%3A+Weibo+IPO+Fizzles+Out&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F17%2Fw eibo-ipo-2%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F17%2Fweibo-ipo-2%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Weibo may be k**wn as China's version of Twitter, but its initial public offering on Thursday is shaping up to be very different.
Weibo priced its IPO at $17 a share, according to multiple reports (http://mobile.reuters.com/article/idUSBREA3G04H20140417?irpc=932), which comes in at the low-end of its proposed price range. At that price, Weibo will raise less a little more than $285 million from its IPO and be valued at around $3.5 billion
See also: Weibo May Look Like Twitter, But Its IPO Probably Won't (http://mashable.com/2014/04/16/weibo-ipo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
By comparison, Twitter priced shares above its price range when it went public six months ago and raised $1.82 billion from the IPO. Twitter was valued at just more than $14 billion at the time of its IPO and currently has a market cap **rth of $25 billion, dwarfing that of Weibo. Read more... (http://mashable.com/2014/04/17/weibo-ipo-2/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Weibo (http://mashable.com/category/weibo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/GjMz3pj0Lxw
http://rack.2.mshcdn.com/media/ZgkyMDE0LzA0LzE3L2M5L1dlaWJvMS45NGQ3NS5qcGcKcAl0aH VtYgk1NzV4MzIzIwplCWpwZw/90024000/d1a/Weibo1.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=**t+Quite+Twitter%3A+Weibo+IPO+Fizzles+Out&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F17%2Fw eibo-ipo-2%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F17%2Fweibo-ipo-2%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Weibo may be k**wn as China's version of Twitter, but its initial public offering on Thursday is shaping up to be very different.
Weibo priced its IPO at $17 a share, according to multiple reports (http://mobile.reuters.com/article/idUSBREA3G04H20140417?irpc=932), which comes in at the low-end of its proposed price range. At that price, Weibo will raise less a little more than $285 million from its IPO and be valued at around $3.5 billion
See also: Weibo May Look Like Twitter, But Its IPO Probably Won't (http://mashable.com/2014/04/16/weibo-ipo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
By comparison, Twitter priced shares above its price range when it went public six months ago and raised $1.82 billion from the IPO. Twitter was valued at just more than $14 billion at the time of its IPO and currently has a market cap **rth of $25 billion, dwarfing that of Weibo. Read more... (http://mashable.com/2014/04/17/weibo-ipo-2/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Weibo (http://mashable.com/category/weibo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/GjMz3pj0Lxw