Weibo Disappoints in Hong Kong Debut but Raises $385M By Investing.com – Investing.com
- Date: 08-Dec-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Weibo Disappoints in Hong Kong Debut but Raises $385M By Investing.com – Investing.com
By Gina Lee
Investing.com – Weibo Corp (HK:) on Tuesday, with investor caution amid China’s regulatory crackdown on the internet sector set to continue.
Shares were trading at HK$254.2 ($32.6) by 10:58 PM ET (3:58 AM GMT) after falling as low as HK$253.6 earlier in the session. However, the Chinese social media giant raised $385 million through the offering.
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