SINA downgraded to Hold from Buy at Maxim Maxim downgraded SINA citing the announcement of the Weibo IPO. The firm believes Alibaba's increased equity ownership of Weibo will negatively affect the Weibo IPO and Sina's ownership will be reduced to approximately 50-51%. The firm believes Weibo's post IPO shareholder structure and Sina's current valuation warrant a downgrade.
News For SINA From The Last 14 Days
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