Sign in with Google
bullish
Weibo (WB US): Lukewarm Interest for HK Listing, but Good Setup for Long-Term Growth
Roger has highlighted this Insight as a Top Pick
393 Views07 Dec 2021 20:02
SUMMARY
- Weibo Corp (WB US) announced its Hong Kong offering price at HK$ 272.80 per share, roughly in-line with current trading price of US-listed ADR but lower than initial expectation.
- The lukewarm interest from investors underscores the regulatory headwind around one of China largest social media platform, which is unprecedented in our view.
- We want to reiterate our bullish view on Weibo, who has amassed 521 million monthly active users. Weibo Corp (WB US) is traded at forward 15x consensus P/E.
Related Insights
More »Loading
Trending Collections
More »Trending Insights
More »- Horizon Robotics Placement - Momentum Is Strong but Raising Seems Opportunistic
- Toyota Industries (6201 JP): Thoughts on Intrinsic Value
- CSI Hong Kong Connect Internet Index Rebalance: 10 Changes & Big Impact
- The Art of the Trade War: XI WATCHES AS TRUMP SERVES TACOS
- Foshan Haitian Flavouring & Food (3288 HK): Offering Details & Index Inclusion
Top Unpaywalled Insights
More »- Bearishness Persist in Soybeans Despite Rebound Hopes
- Curator's Cut: The Next Labubu, Crypto Equities and Tracking APAC Buybacks
- [IO Technicals 2025/23] Bearish Momentum Persists
- VEON US: Pakistan Towers Sale Frees Capital for Digital Growth in Core Market Ahead of Ukraine IPO
- Advanced Look: Navigating the New Macro Landscape Through Quantitative Alpha Generation Strategies
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- Weibo (WB US): Ad Growth Clouded by Pandemic and Macro Slowdown03 Jun 2022
- Weibo (WB US): Solid 4Q21 Results; Winter Olympics to Bolster User Engagement08 Mar 2022
- Weibo (WB US): Alibaba Potential Stake Sale, More Visibility on Strategic Direction27 Jan 2022
- Weibo (WB US): Lukewarm Interest for HK Listing, but Good Setup for Long-Term Growth07 Dec 2021
- Weibo Secondary Trading - Delivered a Good Correction but Got Caught in the Wider Rout07 Dec 2021
- Weibo – Regulatory Risks Priced In?01 Dec 2021
- Weibo (WB US): Strong Quarter Amid Regulatory Crackdown13 Nov 2021
x