In Hong Kong debut, Chinese online media monster Weibo’s shares fall
Hong Kong-recorded portions of Weibo opened 6% lower in their exchanging debut on Wednesday.
Shares opened at 256.20 Hong Kong dollars ($32.85) a piece contrasted with a deal cost of 272.80 Hong Kong dollars ($34.98). At a certain point, the value fell as low as 253.20 Hong Kong dollars.
It is an optional posting for the Chinese web-based media monster, which raised around $385 million.
Weibo's portions fell by over 6% in the initial couple of moments of exchanging.
The firm joins other significant Chinese innovation organizations, including Alibaba and JD.com, which are recorded in both the US and Hong Kong.
It comes only days after Chinese ride-hailing goliath Didi said it will move its inclining to Hong Kong from the US.
Weibo raised $385m (£290m) from the optional of...