Weibo expects IPO to be priced at $21-$24

Weibo expects IPO to be priced at $21-$24

China's Twitter-like messaging service Weibo Corp, owned by Sina Corp, said it expected its initial public offering of 20 million American Depository Shares to be priced at US$17-$19 (S$21-$24) each, it said in a regulatory filing on Friday.

The company said on Monday that it intends to list on the Nasdaq under the symbol "WB".

 

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