Weibo looks to raise $385m in Hong Kong secondary listing

Weibo looks to raise $385m in Hong Kong secondary listing

The logo of Sina Corp.'s Sina Weibo microblog service is displayed on an Apple Inc. iPad and iPhone in an arranged photograph in Hong Kong, China, on Wednesday, Feb. 5, 2014. Photographer: Brent Lewin/Bloomberg

Chinese social media firm Weibo Corp plans to price its shares at HK$272.8 ($35.01) each to raise $385 million in its Hong Kong secondary listing, said three sources with direct knowledge of the matter.

The sources could not be identified as the information has not yet been made public. Weibo did not immediately respond to a request for comment.

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