China's Weibo cleared for Hong Kong secondary listing -filings
Information about China's Weibo cleared for Hong Kong secondary listing -filings
HONG KONG (Reuters) – Chinese social media company Weibo Corporation has been approved by the Hong Kong Stock Exchange’s listing committee to sell shares in the city, according to regulatory filings, giving it a secondary listing alongside New York.
Weibo not specify how much China’s largest microblogging platform is looking to raise in the secondary listing, nor specify a timetable for the sale.
The filings were part of a post-committee hearing information pack published on the Hong Kong Stock Exchange’s website, indicating Weibo had been given approval to press on with the listing.
Sources have previously told Reuters the deal would be worth about $700 million https://www.reuters.com/article/us-weibo-listing-hongkong-idUKKBN2AN0QT.
The final size of the deal though has yet to be determined, according to two people with direct knowledge of the matter, who …