Weibo Spikes 19.06% In Its Debut — techcrunch.com

This morning Weibo went public, offering fewer shares than previously expected, though the bloc was priced at $17, in line with yesterday’s reporting. The company went gangbusters its first day of public trading, spiking 19.06% to $20.24 by the end of the day, likely adding draft winds to other technology companies, social or otherwise, looking to list on the public markets. Given a starting market capitalization of $3.4 billion at its IPO price, Weibo gained $376M in value.

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