Weibo Launches Global Offering of 11 Million Shares, No Higher Than $49.75 Per Share

(Source: Pandaily)

On Monday, Chinese Twitter-like platform Weibo announced plans to sell 11 million shares globally through its IPO in Hong Kong, including 5.5 million new shares and 5.5 million sales shares, depending on whether the over-allotment shares are exercised or not. Among them, 1.1 million shares are offered in Hong Kong and 9.9 million share…