How many Chinese IPOs are there in 2020?
The annual number of Chinese IPOs reached 535 in 2020, of which 395 were listed at stock markets in mainland China and 140 in Hong Kong or other overseas destinations.
Is Weibo listed in US?
The main listing is on the Nasdaq in the U.S., where the stock rose 4.69% in the overnight session. Weibo’s secondary listing comes as Chinese ride-hailing giant Didi last week said it will delist from the New York Stock Exchange, and make plans to list in Hong Kong.
Why do Chinese companies IPO in the US?
The U.S. IPO market remains attractive for Chinese companies for a number of reasons including greater liquidity, more flexible listing standards (HK requires a minimum free float size, U.S. has no minimum size), and for technology companies, a wider range of accepted valuation methodologies, including forward revenue …
How many Chinese companies are listed in the US?
248 Chinese companies
In May, according to the U.S.-China Economic and Security Review Commission, there were 248 Chinese companies listed on U.S. exchanges with a total market cap of $2.1 trillion.
Who runs Weibo?
Sina carved out 11% of Weibo in the IPO, with Alibaba owning 32% post-IPO. The company began trading publicly on 17 April 2014. In March 2017, Sina launched Sina Weibo International Version….Sina Weibo.
|Type of business||Public company|
|Owner||Weibo (operated by Weibo Corporation)|
|Launched||14 August 2009|
Can you use Weibo outside of China?
Can I use Weibo International if I’m outside of China? Absolutely, Weibo is accessible for most countries outside of China.
What does Sina Corp do?
Sina provides Internet services to the Chinese population around the world. In every localized website, there are over thirty integrated channels, including news, sports, technology information, finance, advertising services, entertainment, fashion, and travel.
Is Weibo a publicly traded company?
Incorporated in the Cayman Islands, Weibo Corporation is a controlled subsidiary of Sina Corporation (the “Parent” or “SINA”). In April 2014, the Company completed an initial public offering (the “IPO”) and received $306.5 million in net proceeds.
What is Weibo and how does it work?
Media outlets use Weibo as a source of news and a distribution channel for their headline news. Government agencies and officials use Weibo as an official communication channel for disseminating information timely and gauging public opinion to improve public services.
What is the conversion price of Weibo’s notes?
The Notes may be converted into Weibo’s American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, at the option of the holders, which is equivalent to an initial conversion price of approximately US$133.27 per ADS, subject to adjustment.
How much did Weibo cost Sina in 2019?
In addition to the allocated costs and expenses, SINA also billed $7.8 million and $8.5 million for other costs and expenses incurred by Weibo but paid by SINA for the three months ended March 31, 2019 and 2020, respectively.