[Reuters] Weibo valued at $3.46 billion after bottom-end IPO pricing

Posted by: UGN Security

[Reuters] Weibo valued at $3.46 billion after bottom-end IPO pricing - 04/17/14 03:48 AM

(Reuters) - China's Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service's slowing user growth and the country's highly censored media environment.