SINA’s Weibo to IPO Between $17-$19 a Share
Whispers on the Street put microblogging site Weibo’s IPO price at $17-$19 a share. Known as the Chinese version of Twitter, China-based Weibo is a subsidiary of SINA Corp. (SINA). Weibo has approximately 129 million monthly active users (MAUs), an overwhelming majority of them on mobile MAUs. The company’s revenues increased significantly from $65.9 million…