Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
IPO

Weibo set to raise US$193 million from Hong Kong offer, much lower than the US$547 million it had hoped for

  • China’s Twitter will start trading next Wednesday on Hong Kong’s main board under the stock code ‘9898’
  • The popular microblogging platform’s secondary listing comes as Chinese companies flock to list closer to home amid increasing scrutiny by US regulators

Topic |   IPO
Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
Weibo says it had 566 million monthly active users and 246 million average daily active users as of June. Photo: Shutterstock
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