Weibo Corp (WB)

[mick]

WB $19.02 0.7201 (3.93%) Bid
19.02Ask
19.08B/A Size
1600x1300High
19.45Low
17.28Volume
2,518,921 (Heavy

52-Wk Range
16.26 - 24.48LowHigh.

Shares Out.200.2M

[ZIA SPIRIT]

Yes. I have tda. Cannot short though. I wouldnt anyway

[ZIA SPIRIT]

Nasdaq

[mick]

does amerit trade WB?

[mick]

where does this trade?

[ZIA SPIRIT]

Hope you got a little. Just jumped a dollar

[ZIA SPIRIT]

I would buy under $19 for longer term as I am sure it will move on up to where it should be pretty soon. Too low now. Good day trade too

[mick]

this sounds interesting. WB

[mick]

so would you know pps for trading my friend? wb

re;
I am still researching but apparently it is China's twitter that just IPOd and already has a client base larger than Twitter.

It got smacked down a bit after China tightened control of social media but not by much.

Thinking it will be at least where twitter is soon

[02opida]

SINA Corp. (SINA-$52.19, market cap $3.5 billion) will carveout Weibo in an IPO this week. SINA is an Internet media company operating Chinese language destination sites. Weibo is a Chinese micro blogging website and a leading social media platform in China. Weibo expects to price the IPO in the range of $17 to $19 per American Depository Share (ADR). The pricing is expected to be announced on April 16 and the shares are expected to begin trading on the NASDAQ on April 17 under the ticker “WB”. SINA will carve-out part 11% of Weibo in the IPO and retain 56.9%. Alibaba will own 32% post IPO. Each share of the parent (SINA) will have 1.74 shares of Weibo embedded post IPO (based on the midpoint price of $18). This suggests each share of SINA will have about $31 worth of Weibo (per SINA share) after the carve-out.

[ZIA SPIRIT]

I am still researching but apparently it is China's twitter that just IPOd and already has a client base larger than Twitter. It got smacked down a bit after China tightened control of social media but not by much. Thinking it will be at least where twitter is soon

[mick]

what does this do? i see no pps stuff.

[02opida]

watching

[BottomBounce]

$WB China Internet Stocks Plunge Overnight As Government Expands Censorship http://www.forbes.com/sites/russellflannery/2014/04/28/china-internet-stocks-plunge-overnight-as-government-expands-censorship/?partner=yahootix

[ZIA SPIRIT]

Looking for a nice bounce up at these levels

[allenng]

Sell down after the first two days of IPO.

Wonder what's the long term target for WeiBo

[wesvester]

WB is going to follow YY

[allenng]

This is bad. Wonder how WB will go next week.

[freepenny911]

Yes that's true but need 1 or 2 month to reach 30's

[BottomBounce]

WB clone of Twitter & RENN clone of Facebook.

[BottomBounce]

$WB "Forget Twitter, why Weibo is the social stock to watch" http://www.cityam.com/blog/1398178123/forget-twitter-why-weibo-social-stock-watch

[PAC]

Shorts shizzing

[PAC]

WB 23.8 pre

[squashjohn]

Wait until $16??.. Good luck with that now. CNBC has story out today where CEO said 'we priced the ipo too low'.. This thing will get the afterburners on now & head to $30 quickly

[freepenny911]

WB $$$ WB $$$

[freepenny911]

WB $$$$$$

[freepenny911]

Wait until reach $16 after load all you can

[freepenny911]

WEB going 3x on 3 month

[McInc]

Weibo sitting at a mere 4.5 Billion market Cap compared to Twitter's at 26 Billion.. This is extremely undervalued. Weibo is set to easily gain more customers in China and it will make Twitters customer base look like peanut. There are 1.4 Billion Chinese in China alone and Weibo is the most popular platform in the market

[Celtictrader]

Added a lil here today! I think it continues up for the next month or more. Just my opinion.

[rawiron1]

Well it was up almost 40+% this morning from the IPO last week!

Watching WB.

[Archivaldo]

Can someone tell me ...what would be the start price on monday..

[teifhals]

If you value this at the market rate of twitter, your sitting at a price per of 380.

[HandyMan2000]

WOCKIN WEIBO-IN!!

TWEET TWEET!

WB

[eastunder]

Sina Weibo soars in debut, overcoming censorship concerns

Reuters

By Alexei Oreskovic and Tanya Agrawal

http://finance.yahoo.com/news/sina-weibo-soars-debut-overcoming-181205011.html

SAN FRANCISCO (Reuters) - Shares of Weibo Corp (WB.O) rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.

Investors are watching the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N).

Sina Weibo's early gains came after the owner of a Chinese Twitter-like messaging service priced its shares at the very bottom of a target range of $17 to $19, and cut its offer to 16.8 million American Depositary Shares from 20 million.

The stock soared as much as 41 percent to $24.48 in early afternoon trading, valuing the company at about $4.7 billion.

That surge caught some investors off-guard because of its well-known susceptibility to unpredictable Chinese censorship and the uncertain outcome of intense domestic competition with the likes of Tencent Holdings Inc.

"People had concerns that there's some competition over there and that engagement on Weibo may be challenged in the future, but I think Weibo is still a social media platform, that people still use it every day," said Henry Guo of JG Capital.

"I'm expecting the censorship and monitoring to continue. But I don't see any risk as far as Weibo's existence."

Weibo, in which Alibaba owns a stake, often prompts comparisons with Twitter Inc (TWTR.N) but its market value is a fraction of the San Francisco company's. At Wednesday's close, Twitter was valued at about $26 billion.

Weibo, whose name means "micro blog" in Chinese, has grown at breakneck speed in a country where Twitter is banned, but there's evidence that its user growth has slowed as China cracks down on criticism of the ruling Communist Party.

A rule that took effect in September imposes a prison sentence of up to three years for those who knowingly share false information online. That had a chilling effect on Weibo.

Research commissioned by Britain's The Telegraph found that posts fell as much as 70 percent after rule was announced.

And it's also battling intense domestic competition. People who once used sites such as Weibo's are now flocking to messaging apps such as Tencent Holdings Ltd's WeChat.

Unlike Weibo, WeChat allows users to communicate in private circles of friends. The service leaped from 121 million global monthly active users at the end of September 2012 to 272 million in just a year.

Yet WeChat itself isn't immune to government censorship. Last month, authorities closed dozens of popular accounts, including those held by widely read columnists and investigative journalist Luo Changping.

A GOOD START

Sina Weibo's sterling debut could pave the way for its peers. Alibaba is expected to file as early as next week for a U.S. IPO that could raise as much as $15 billion. That would make it the biggest internet company IPO since Facebook Inc's (FB.O) $16 billion coming-out party in 2012.

U.S. IPOs raised more than $18 billion in the first three months of the year, making it the best quarter in more than a decade. Technology companies raised about $4 billion of the total, compared with $1 billion in the same period last year.

But investors may be having second thoughts as valuations -- particularly for tech and biotech companies - become stretched. The Nasdaq Composite index (.IXIC) has fallen about 6.5 percent since its March 6 high, and recorded its biggest one-day drop in two and a half years last week.

Sina Weibo's offering, whose lead underwriters were Goldman Sachs and Credit Suisse, raised $286 million, much of which will go to its parent. Weibo is controlled by Web portal company Sina Corp (SINA), whose stake falls to 56.9 percent from 77.

Alibaba, which paid $585.8 million for an 18 percent stake in the company last year, will increase its holding to 32 percent and will also appoint a director to the board.

[eastunder]

Weibo Has `Big Room' to Expand in China: Sina CEO

Video

http://www.bloomberg.com/video/weibo-has-big-room-to-expand-in-china-sina-ceo-ZuzCqQfXTz~r8YMi1CiM3g.html?cmpid=yhoo

[Liam859]

Glad I got a chit ton earlier

[HandyMan2000]

WOOPS AGAIN


FOUR DOLLARS / HOUR

WB

[HandyMan2000]

DIDN'T TAKE LONG TO GO FROM 20 TO 21....NOW AT 22...

RISING AT RATE: TWO DOLLARS PER HOUR!

WOOOPS! $3 PER HR

AWESOME

WB

[eastunder]

Weibo IPO Launch Reflects Continued Market Weakness

By BRIAN DEAGON, INVESTOR'S BUSINESS DAILY


Weibo (WB) wobbled in its stock market debut Thursday, but it didn't fall.

http://news.investors.com/041714-697561-sina-spinoff-weibo-ipo-slips-at-start.htm?ven=yahoocp&src=aurlled&ven=yahoo

China's largest microblogging service was up 11% in midday trading in the stock market today, but only after slipping at first, pricing at the low end of its range and selling fewer shares than expected.

The IPO of the company called China's Twitter (TWTR) priced at 17 late Wednesday, at the low end of its expected 17-19 range. And the stock opened at 16.27, though it quickly reversed to positive territory.

Weibo raised $286 million by offering 16.8 million shares — 3.2 million less than planned and down from the $380 million it previously hoped to raise.

Weibo was spun off by Sina (SINA). Access to Twitter is blocked in China, as is Facebook (FB).

Weibo initially said it expected to raise $500 million, as IBD reported. The lower results reflect an IPO market that, after a red-hot first quarter, began to weaken last week, as IBD reported.

Concerns about the Weibo IPO surfaced when Britain's Telegraph newspaper on Jan. 30 published a story, based on a study it sponsored, that suggested "a dramatic drop in activity" on the microblogging site. The drop in usage comes "in the wake of an aggressive campaign by the Communist Party to intimidate influential users."

Weibo said it had 143.8 million monthly average uses as of last month, up from 107.3 million a year ago.

The company reported 2013 revenue of $188.3 million, up 186%. It reported a net loss of $38.1 million vs. a net loss of $102.5 million in 2012. In the fourth quarter, Weibo reported a net profit of $21.5 million on revenue of $71.4 million.


Read More At Investor's Business Daily: http://news.investors.com/technology/041714-697561-sina-spinoff-weibo-ipo-slips-at-start.htm#ixzz2zAOWRfVt
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[eastunder]

WB IPO opened for trade just before 12:00 noon ET

Opening price $16.27

[eastunder]

Weibo Is Just a Half-Twitter as IPO Looms in New York

Bloomberg
By Leslie Picker and Alexandria Baca
April 16, 2014 8:03 AM

http://finance.yahoo.com/news/weibo-just-half-twitter-ipo-120343412.html


Weibo Corp.'s done half the job that Twitter Inc. has in turning its microblogging users into earnings. That may explain why the Chinese company is seeking as little as half the valuation in its initial public offering.

Weibo, owned by Sina Corp. (SINA) and Alibaba Group Holding Ltd., plans to offer 20 million American depositary shares for $17 to $19 apiece, according to an April 4 regulatory filing. The deal is scheduled to be priced in New York today, according to data compiled by Bloomberg.

The Beijing-based microblogging unit is marketing its IPO at a valuation as low as 18 times last year's sales, compared with a stock price equal to about 39 times for Twitter. Weibo was taking in $1.46 in revenue per monthly active user at the end of last year, compared with $2.76 at Twitter, according to data compiled by Bloomberg.

"The Twitter platform lends itself well to brand advertising, which is why the monetization of Twitter is stronger than Weibo's," Neil Doshi, an analyst at CRT Capital Group LLC, which has the equivalent of a hold rating on Twitter, said by phone yesterday from San Francisco. "That explains the valuation gap between the two."

The Bloomberg index of the most-traded Chinese stocks in the U.S. slumped 1.5 percent, the most in a month, to 98.67 yesterday. The iShares China Large-Cap ETF, the largest Chinese exchange-traded fund in the U.S., sank 2.5 percent to $35.29. Sina, which has a 78 percent stake in Weibo, rose 1.3 percent to $53.09.

Nasdaq Slump

The Shanghai Composite Index rose 0.2 percent today, while the Hang Seng China Enterprises Index rose 0.1 percent.

Weibo is proceeding with its IPO plan amid a selloff in global technology companies that has pushed the Nasdaq Composite Index down the most since 2011 on April 10. Concern is also mounting that China's expansion is faltering. Data yesterday showed that the country's broadest measure of new credit fell 19 percent in March from a year ago while the money supply increased at the slowest pace on record.

Liu Qi, a press official at Sina, didn't answer a call seeking comment on the Weibo IPO. Sina's investor relations department didn't respond to an e-mail requesting comment yesterday.

Weibo had 129.1 million monthly active users at the end of 2013, compared with more than 240 million for Twitter, filings from the two companies show.

‘Ridiculously Overvalued'

At the high end of Weibo's marketed range, the company is seeking a valuation of $3.9 billion, or about 21 times last year's sales of $188.3 million. The multiple would be 18 times if it were to price at the low end of the range. San Francisco-based Twitter, which had a market capitalization of $25.8 billion, or 39 times sales, hasn't yet posted a profit. The stock has surged 75 percent since its November IPO.

"Either Weibo is incredibly undervalued, which we think it is, or Twitter is ridiculously overvalued because there's no metric or risk that applies to Weibo that does not apply to Twitter," Samer Hamadeh, chief executive officer of PrivCo Media LLC, which compiles and analyzes data on closely-held companies, said in a phone interview from New York. "It's a terrific situation for public investors."

At its proposed range, Weibo would raise as much as $380 million, some of which it plans to use to pay debt owed to Sina, the corporate filing showed. The company plans to list on the Nasdaq Stock Market under the symbol WB. It will begin trading April 17.

Goldman Sachs Group Inc. and Credit Suisse Group AG are managing Weibo's offering. The deal would be the third by a Chinese company in New York this year after professional-education services provider Tarena International Inc. (TEDU) and iKang Healthcare Group Inc., both of which have dropped below their IPO prices.

In the first quarter, China-based companies announced more than $2.5 billion of U.S. IPOs, the most since the fourth quarter of 2007, data compiled by Bloomberg show. That figure doesn't include the planned offering by Alibaba, which bankers estimate could be the largest IPO in the U.S. in at least two years

[eastunder]

Weibo cuts IPO size amid selloff in technology stocks

http://finance.yahoo.com/news/weibo-valued-3-46-billion-032506396.html

(Reuters) - China's Weibo Corp, a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.

The offering comes ahead of the much-anticipated IPO of Chinese e-commerce giant Alibaba Group Holding Ltd, which holds stake in Weibo.

Alibaba is expected to raise about $15 billion this year in what could be the biggest internet IPO since Facebook Inc's listing in 2012.

Weibo, controlled by Web portal company Sina Corp, sold 16.8 million American depositary shares (ADSs) at $17 each, the company said on Thursday.

At the offer price, Weibo is valued at $3.46 billion.

Weibo's shares are due to start trading on the Nasdaq on Thursday under the symbol "WB."

The company, whose name means "micro blog" in Chinese, had earlier planned to sell 20 million ADSs at between $17 and $19 each.

The company priced the shares at the lower end of the range because of the recent stock market turmoil, particularly in technology shares, a banker who worked on the IPO told Reuters.

Weibo also intentionally sold fewer shares than initially planned to lower dilution. "We wanted to have a deal that works from a market perspective," said the banker, who declined to be named because he was not authorized to speak to the media.

There has been a pullback in the equity markets as fears of stretched stock valuations turn investors to safer sectors such as utilities.

High-flying technology and biotechnology shares have borne the brunt of the pullback, with the tech-heavy Nasdaq Composite index recording its biggest drop in two-and-a-half years last week.

CENSORSHIP CONCERNS

Since its launch in 2009, Weibo has become China's water cooler, where nearly 600 million Internet users discuss everything from Korean soap operas to China's politics.

Like many other Internet firms, the company has to operate in a heavily censored and tightly controlled media environment in China.

A rule that took effect in September imposes a prison sentence of up to three years on people who knowingly share false information online.

The crackdown on rumors had a chilling effect on Weibo postings. Research commissioned by The Telegraph newspaper found that posts fell as much as 70 percent after the crackdown.

"Much of the decline happened in the second half of 2013 when the Chinese government started to crack down on rumors being distributed on the sites," said Marvin Lo, an analyst at Mizuho Securities in Hong Kong.

Weibo is also grappling with the flight of users to messaging apps such as Tencent Holdings Ltd's WeChat. Unlike Weibo, where posts are visible to anyone, WeChat conversations are private.

Weibo had 143.8 million monthly active users in March.

The company's revenue almost tripled to $188.3 million in 2013, while net loss narrowed to $38.1 million from $102.5 million.

Goldman Sachs (Asia) LLC and Credit Suisse were the lead underwriters to the offering.

[eastunder]

Weibo prices IPO at $17/ADS - underwriter

http://finance.yahoo.com/news/weibo-prices-ipo-17-ads-015435228.html

April 16 (Reuters) - China's Weibo Corp priced its initial public offering at $17 per American Depositary Share at the bottom of its planned range, an underwriter told Reuters, valuing the microblogging service at $3.46 billion.

The Twitter-like service, owned by web portal Sina Corp , sold 16.8 million American Depositary Shares (ADSs) in the offering, raising $285.6 million.

The company had planned to sell the shares at between $17 and $19 per share.

Weibo's shares are expected to begin trading under the symbol "WB" on the Nasdaq on Thursday.

Goldman Sachs (Asia) LLC and Credit Suisse were the lead underwriters to the offering.