The Chinese concept stock Weibo rose 11.82% in early Monday on U.S. stocks

Summary: View the latest market the second session of the micro-blog closed up 11% Beijing time April 22 Morning news, last week on the U.S. Nasdaq stock Exchange listed in the Chinese concept of the NASDAQ:WB in the stock market in early Monday the highest rally 11.82%, the share price reached 22.6 U.S. dollars

View the latest market The second trading day Weibo closed up 11%

In the early morning of April 22, Beijing time, the Chinese concept stock (NASDAQ:WB), which was listed on the Nasdaq stock Exchange in the US last week, surged 11.82% in the U.S. stock market earlier in Monday, and its share price reached $22.6. By the end of the closing, Weibo's share price rose 11.7% per cent to 22.61 dollars.

JG Capital, the US investment company, released a study today, giving Weibo NASDAQ:WB shares a "overweight" (overweight) rating of $25 for the target.

While technology companies are experiencing a low ebb in U.S. capital markets, but the microblog of the IPO last week gave the market a boost: At the end of its first day of trading with a 19% per cent rise, it was once more than 40%, and foreign mainstream media and Hong Kong media, commenting on the microblog listing, said Weibo would be a bellwether for listed companies.