April 22 Noon News, last week just listed micro-blog (NASDAQ:WB), the Nasdaq's hottest stocks. Stocks continued to grow at a peak of 19.4% per cent on the day, to $24.17 trillion, after the stock market reopened in Monday. By the end of the closing, micro-blog shares rose 11.7% per cent, a report of 22.61 U.S. dollars.
In the first two trading days, Weibo shares rose more than 30%, with a market capitalisation of $4.6 billion trillion. While technology companies are experiencing a low ebb in U.S. capital markets, the microblog of IPOs last week injected a boost to the market. Several overseas mainstream media and Hong Kong media commented on the microblog listing, saying Weibo will become a bellwether for listed companies.
Stocks continued to grow at a peak of 19.4% per cent on the day, to $24.17 trillion, after the stock market reopened in Monday. By the end of the closing, micro-blog shares rose 11.7% per cent, a report of 22.61 U.S. dollars.
2009 Sina launched a micro-blog beta, triggering China's internet industry, "micro-bo Hot", at most when more than 10 internet companies launched micro-blogging products. After nearly 4 years of intense competition, Sina Weibo's user size, activity and revenue has been in the absolute leading position. At the end of March this year, Sina Weibo has officially changed its name to Weibo. The IPO, Weibo has not only become the world's first listed Chinese social media, but also the domestic social media field was born the first listed companies.
In the case of Weibo listings, the New York Times argues that the enthusiasm behind investors suggests that China's internet is a huge, potential market. According to CNNIC, China's internet users reach 618 million, nearly twice times the size of the U.S. population. Reuters commented that the microblogging market has swept away concerns about the high value of Chinese technology stocks. The Los Angeles Times argues that the top 44% per cent rise in Weibo's debut has brought a good start to the three important Chinese technology stocks (microblogs, Alibaba (rolling information) and Jingdong Mall, which are scheduled to be listed in the U.S. IPO this year.
Based on a two-day microblog listing, JG Capital, a U.S. investment firm, also published a study today, giving Weibo shares an "overweight" rating, with a target price of 25 dollars. This suggests that investment firms are full of information about the rise in Weibo's share price, a stark contrast to the market environment.
JP Capital argues that the long-term impact from rival micro-letters is limited, and other social platforms, including micro-letters, cannot replace microblogs. In the near term, the partnership between Weibo and Alibaba, the increased potential for user engagement, and the growing commercialization of the microblogging platform should help Weibo to show strong revenue growth and improved profitability. The agency predicts that while Weibo continues to invest in growth, revenue growth and leverage will help Twitter to make a profit in the 2014 and 2015 years.