
The WeiboIPO price was a disappointment to investors today (Thursday) when the company offered shares at $17 and raised $286 million.
But that didn't stop WB stock from surging 44% in its opening day of trading.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The WeiboIPO price was a disappointment to investors today (Thursday) when the company offered shares at $17 and raised $286 million.
But that didn't stop WB stock from surging 44% in its opening day of trading.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The WeiboIPO price was a disappointment to investors today (Thursday) when the company offered shares at $17 and raised $286 million.
But that didn't stop WB stock from surging 44% in its opening day of trading.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
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It's another busy week on the IPO calendar as 11 companies make their public debuts in the United States.
The Chinese social-media company Weibo (Nasdaq: WB) will gather the most attention, but it's not the only investment opportunity for those looking to profit from the loaded IPO market.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
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Given Wall Street's reaction to the Facebook and Twitter IPOs, it's fair to say investors are hungry for social media IPOs. Now, though, with no immediate U.S. IPO prospects, a Chinese company could end up being the biggest social media IPO of the year.
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