Weibo rose 11.7% in the second session: continued attention from overseas media

Source: Internet
Author: User
Keywords Rally trading day attention
Tags close continued exchange financial financial media financial site higher than ipo
Summary: View the latest quotes Beijing time, April 22 afternoon news, the Nasdaq stock Exchange listed in the United States last week, the Chinese concept of the NASDAQ:WB in the U.S. stock market in early Monday the highest rise of 11.82%, the share price reached 22.6 U.S. dollars. By the end of the closing, Weibo's share price rose

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Beijing time April 22 Afternoon news, the Nasdaq stock Exchange listed in the United States last week, the Chinese concept of NASDAQ:WB in the U.S. stock market in early Monday the highest rise of 11.82%, the share price reached 22.6 U.S. dollars. As of the close, Weibo's shares rose 11.7% to 22.61 dollars.

After landing on Nasdaq in Thursday, the US stock market continued to be closed 3rd for the Friday Thanksgiving holiday. In the Monday U.S. stock market, Weibo has maintained a strong upward momentum. The strong performance of Weibo has also sparked concern in the mainstream foreign media, including the Forbes magazine website, the Wall Street Journal's financial media Harsh Watch, the financial site seeking Alpha and the St.

Forbes magazine's website reported a 12% per cent rise in shares in the second session of the microblogging market. The article wrote: Weibo rose 19% per cent on the first day of the IPO, while Monday continued its momentum. Weibo's current market capitalisation is more than 4.5 billion dollars, higher than the parent company Sina.

The article also introduced to the reader: Weibo monthly active users of 130 million, 2013 revenue of 188 million U.S. dollars, higher than 2012 66 million. Although not yet profitable, the net loss of Weibo has fallen from $102 million trillion in 2012 to $38 million in 2013. Most of the current microblogging revenue comes from advertising, with the rest coming from games and other services.

Harsh watch, the Wall Street Journal's financial Media, said that, despite previous analysts ' concern about the prospect of Weibo, the microblog IPO still attracted many investors--Weibo, which, through two trading days, issued 16.8 million shares of US depository shares at $17 per share, Weibo's share price has been pushed up to 22.96 dollars.

Seeking Alpha, the US financial site, found that the positive performance after the microblog listing also heralded the optimistic outlook for Alibaba, or the prospect of short-term optimism for Yahoo and SoftBank shares.

In the early hours of April 22, JG Capital, the US investment company, released a study that gave Weibo shares an "overweight" (overweight) rating of $25.

While technology companies are experiencing a low ebb in U.S. capital markets, Weibo's IPO debut last week was strong, closing up 19% per cent, at a time more than 40%. Weibo will become a bellwether for listed companies, according to the overseas mainstream media and Hong Kong media commenting on the microblog listing.




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