Friday, 18 April 2014 - 20:17
Weibo shares surge on US debut, despite low opening price
Shares in China's Weibo, a Twitter-like service, rose by almost 20% on their first day of trading on the US stock market, after a lukewarm start.
The company's flotation on the Nasdaq stock exchange had initially raised a less-than-expected 286 million dollars.
However, investors flocked to the shares, and they ended the day at $20.24, after opening at $17.