24-02-2014, 05:31 PM
It seems the next tech bubble is brewing, IMO...
Sina hires banks for S$633 million Weibo IPO: Source
ONG KONG – Sina Corp has hired Credit Suisse and Goldman Sachs Group for a US initial public offering of its Sina Weibo microblogging service worth about US$500 million (S$633 million), a source familiar with the plans said on Monday.
Sina Weibo, one of several Chinese Twitter-like short messaging blogs, plans a listing in the second quarter, added the source, who was not authorised to speak publicly on the matter. The IPO plans were initially reported by the Financial Times.
The IPO follows Facebook’s US$19 billion purchase last week of fast-growing mobile-messaging startup WhatsApp and a surge in Internet-related equity deals and mergers and acquisitions.
Sina Weibo’s offering would also come as Chinese companies flock to the US IPO market in their biggest numbers since 2010 because of soaring valuations.
Sina will announce its fourth-quarter earnings after markets close in New York on Monday. The company declined to comment on the listing plans when contacted by Reuters.
...
http://www.todayonline.com/business/sina...ipo-source
Sina hires banks for S$633 million Weibo IPO: Source
ONG KONG – Sina Corp has hired Credit Suisse and Goldman Sachs Group for a US initial public offering of its Sina Weibo microblogging service worth about US$500 million (S$633 million), a source familiar with the plans said on Monday.
Sina Weibo, one of several Chinese Twitter-like short messaging blogs, plans a listing in the second quarter, added the source, who was not authorised to speak publicly on the matter. The IPO plans were initially reported by the Financial Times.
The IPO follows Facebook’s US$19 billion purchase last week of fast-growing mobile-messaging startup WhatsApp and a surge in Internet-related equity deals and mergers and acquisitions.
Sina Weibo’s offering would also come as Chinese companies flock to the US IPO market in their biggest numbers since 2010 because of soaring valuations.
Sina will announce its fourth-quarter earnings after markets close in New York on Monday. The company declined to comment on the listing plans when contacted by Reuters.
...
http://www.todayonline.com/business/sina...ipo-source
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡