public offering

public offering

Weibo Warns Censorship Could Hit Future Earnings

2h ago
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<a href="http://on.aol.com/video/weibo-warns-censorship-could-hit-future-earnings-518200042"> </a> China’s Weibo Corporation has announced that its initial public offering has raised just $286 million, substantially lower than anticipated. The social media company sold fewer shares than expected – just 16.8 million – at the price of $17, right at the bottom of the projected range. There are a number of factors behind this, from suspicion that the company may at some point be taken over by e-commerce firm Alibaba to concerns about the social media business in general.