Weibo, NetEase’s Cloud Village set to raise nearly US$1 billion between them in Hong Kong IPOs

//Weibo, NetEase’s Cloud Village set to raise nearly US$1 billion between them in Hong Kong IPOs

Weibo, NetEase’s Cloud Village set to raise nearly US$1 billion between them in Hong Kong IPOs

Two Chinese internet companies are set to raise close to US$1 billion between them in Hong Kong initial public offerings.Microblogging platform Weibo, and NetEase-backed music streaming site Cloud Village are racing to complete their fundraising ahead of the long year-end holiday.Weibo, often dubbed the Twitter of China, is selling 11 million shares at a maximum price of HK$388 each (US$49.75), which could help it raise up to US$547.3 million ahead of what would be its secondary listing on Hong…

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By | 2021-11-29T04:33:00+00:00 November 29th, 2021|Technology|Comments Off on Weibo, NetEase’s Cloud Village set to raise nearly US$1 billion between them in Hong Kong IPOs