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Weibo valued at $3.46 billion after bottom-end IPO pricing
April 17th, 2014, 3:25 am
The Twitter-like microblogging service, owned by web portal Sina Corp, sold 16.8 million American Depositary Shares (ADSs) for $17 apiece, raising $285.6 million, an underwriter told Reuters. The company had planned to sell 20 million ADSs at between $17 and $19 per share. [Read More]
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