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Saturday, April 12, 2014

WB IPO - Weibo (WB) Stock IPO

Weibo (WB) IPO to Open either April 17, 2014 or April 18, 2014 - @Stockstobuy -

Weibo, a Chinese micro-blogging website, will IPO this week on the NASDAQ under the ticker symbol WB.  Weibo (WB) stock should be hot as the Chinese IPO's performed really well last year.  Weibo is the Twitter of China but has had a hard time growing in other key markets.  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.

Weibo (WB) generated revenue of $188.3 million in 2013 with a net loss of $38.1 million.  Given the large correction, Twitter (TWTR) is a better buy at $40 per share.  If you like Weibo (WB), look to buy it in 6 months around the lock up expiration period.

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