Weibo Falls Over 7% in Hong Kong Debut Despite US-listed Chi…

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BEIJING, December 8 (TMTPOST)— Despite the big rally that Chinese shares listed in the United States made recently, China’s Twitter-like social media Weibo failed to break to spell of trading below the offering price in the Hong Kong debut this year.Source: WeiboWith the listing price of HK$272.80, Weibo raised about HK$1.38 billion (US$385 million) and listed on the Hong Kong Stock Exchange under the cod