SINA Shares Rise Due to Twitter’s SharesPost Auction Results
SharesPost just announced results for Twitter’s share offering. The Price minimum was $29.50 but cleared at $34.50 on very high demand. This gives Twitter a pre-IPO valuation of about $8 billion.
Sina’s Weibo valuation, according to several analysts, currently sits at about $1B to $2B — this perception and valuation may likely change after today’s Twitter’s auction results on SharesPost:
https://www.sharespost.com/placements/twitter2
It may well be the primary reason for today’s surge in SINA shares.
Categories: Internet
