China's Twitter-Rival Weibo Files $500 Million IPO
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Thomson Reuters
A man visits Sina's Weibo microblogging site in Shanghai
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The messaging service owned by China's Sina Corp hired Goldman Sachs and Credit Suisse to manage its U.S. debut, which it said would boost brand recognition and help retain talent.
Its proposed $500 million target is an estimate worked out solely for the purposes of calculating registration fees.
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(Reporting by San Francisco Newsroom. Editing by Andre Grenon)
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