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Weibo plans US$547m listing in Hong Kong

November 30, 2021
Source: taipeitimes.com taipeitimes.com
News Snapshot:
US-listed Chinese microblogging platform Weibo Corp (??) is seeking to raise up to US$547 million in a share offer in Hong Kong, documents showed yesterday, the latest Chinese tech company to list closer to home as tensions with the US rise. Several US-listed Chinese tech firms, such as Alibaba Group Holding Ltd (????), have held initial public offerings in Hong Kong over the past two years as the US has stepped up scrutiny of Chinese companies. Listing in Hong Kong is seen as a hedge against the risk of being removed from US exchanges and a way of accessing an...
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