Weibo (WB)

Financial Snapshot (Last 12 Months):

Market Cap: $1577.80M Revenues: $188.30M Net Income: $-38.10M

Deal Structure

Filing Date:March 14, 2014 Expected to Trade:April 17, 2014 Status:Priced Lead Underwriters:Goldman Sachs; Credit Suisse Co-Managers:Morgan Stanley; Piper Jaffray; China Renaissance
Shares Offered:16.8M Deal Type:IPO Price Range:$17.00 - $19.00 Issue Price:$17.00


Business Profile

Weibo is a leading social media platform for people to create, distribute and discover Chinese-language content. By providing an unprecedented and simple way for Chinese people and organizations to publicly express themselves in real time, interact with others on a massive global platform and stay connected with the world, Weibo has had a profound social impact in China. Since our inception four years ago, Weibo has amassed a large user base in China and in Chinese communities in more than 190 countries. In December 2013, Weibo had 129.1 million MAUs and 61.4 million average DAUs, increasing from 96.7 million MAUs and 45.1 million average DAUs in December 2012, respectively, and 72.9 million MAUs and 25.2 million average DAUs in December 2011, respectively. A microcosm of Chinese society, Weibo has attracted a wide range of users, including ordinary people, celebrities and other public figures, as well as organizations such as media outlets, businesses, government agencies and charities.

Industry: Consumer Services Founded: 2009 Employees: 2043 Prospectus: Click Here

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