Analysts give Sina Weibo a 5.1 billion dollar average valuation

Summary: View the latest quotes Beijing time March 3 Evening News, Bloomberg reported today, after the first profit in the fourth quarter last year, analysts gave Sina Weibo 5.1 billion dollar average valuation. There are reports that Sina is considering Weibo business in the US IP

View the latest quotes

Beijing Time March 3 Evening News, Bloomberg reported today, after the first profit in the fourth quarter last year, analysts gave Sina Weibo 5.1 billion dollar average valuation. It is reported that Sina is considering the microblogging business in the United States IPOs (IPO) matters.

According to 10 analysts surveyed by Bloomberg, Sina Weibo is valued at between 3.3 billion and 7 billion dollars. Sina Weibo is valued at 5.1 billion U.S. dollars on a median basis.

In the quarter of 2013, Sina Weibo made its first quarterly profit, thanks largely to the platform's appeal to more companies to buy ads. Currently, Sina Weibo is working closely with Alibaba Group, China's largest e-commerce company, to fend off Tencent's micro-letter competition.

Thomas Chong, an analyst at BOC International Hong Kong, said in a report last month: "We expect Sina Weibo to perform very well in commercialization." In the face of fierce market competition, SINA management to promote user interaction as the main goal. In an e-mail, Thomas Bell said BOC international valued 4 billion dollars for Sina Weibo.

The highest valuation for Sina Weibo is China International Finance Limited (hereinafter referred to as "CICC"). CICC gave Sina Weibo a 7 billion dollar valuation in its investor report on February 26.

According to people familiar with the matter, Sina Weibo plans to raise $500 million in U.S. IPOs. Moreover, Sina has hired the investment bank Credit Suisse and Goldman Sachs for the relevant matters.

Sina Weibo is currently the largest microblogging service in China. Mr. Chao, Chairman and CEO of Sina's board of directors, said in a February 25 earnings call that by the end of last December, Sina Weibo had a total of 61.4 million active users, up from 58.9 million at September 30, up 36% from a year earlier.

In the quarter of 2013, Sina's net profit rose from $23.6 million trillion a year ago to $44.5 million trillion, above the average estimate of 28.1 million dollars by 6 analysts surveyed by Bloomberg. Revenue of 197 million U.S. dollars, an increase of 42%.