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The second trading session Weibo closed up 11%

Source: Internet
Author: User
Keywords Rose closed second trading day
Tags closed closed up closing company exchange listed market released
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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.

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