News from Futu News, November 29th, this Monday $WB-SW (09898.HK)$ The announcement was announced that it will issue 11 million shares from November 29 to December 2. The company plans to issue 11 million shares, including a public sale of 1.1 million shares and an international sale of 9.9 million shares, with an issue price of no more than HK$388 per share, and 20 shares per lot. It is expected to be listed on December 8.
Weibo is a leading social media platform in China for people to create, discover, and distribute content. The company was listed on the US NASDAQ in April 2014. The stock code is “WB”, US stock $Weibo (WB.US)$ The closing price of the previous trading day was $42.79.
Weibo has built up a huge user base in China and the Chinese community in more than 190 countries around the world. In June 2021, Weibo had 566 million monthly active users, with an average of 246 million daily active users. According to the Insights Advisory Report, based on monthly active users and daily active users in June 2021, Weibo is one of the top ten mobile apps in China and one of the top three social media platforms in China.
Sina and Ali are the most important shareholders of Weibo. Among them, Sina holds 44.4% of the company's shares and Ali holds 29.6% of the company's shares (disclosed on September 30, 2021).
In terms of financial data, Weibo began in 2012 mainly through the sale of advertising and marketing services, and to a lesser extent through value-added services (mainly including VIP members...