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Sina Hires Credit Suisse, Goldman for $500 Million Weibo U.S. IPO

Sina Corporation's Weibo.com | Source: Shutterstock

Reuters

24 February 2014

HONG KONG, China — Sina Corp has hired Credit Suisse AG and Goldman Sachs Group Inc for a U.S. initial public offering of its Sina Weibo microblogging service worth about $500 million, a source familiar with the plans said on Monday.

Sina Weibo, one of several Chinese Twitter-like short messaging blogs, plans a listing in the second quarter, added the source, who was not authorised to speak publicly on the matter.

By Elzio Barreto; Editors: Michael Flaherty, Matt Driskill

Copyright (2014) Thomson Reuters. Click for restrictions

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