Weibo IPO indicated to open $17.20 Weibo (WB) priced 16.8M shares at $17.00. Goldman and Credit Suisse acted as joint book running managers for the offering. Weibo, a social media platform in China, is a majority-owned subsidiary of SINA (SINA).
China censors coverage of pro-democracy demonstrations, NY Times says China prevented websites from mentioning pro-democracy demonstrations in Hong Kong, according to The New York Times. Access to Facebook's (FB) Instagram was blocked amid the censorship. Weibo (WB) is a microblog seen as China's version of Twitter (TWTR). Reference Link