Weibo--which means "microblog" in Chinese--allows users to send brief public messages to followers who can comment on or repost them. Since its 2009 launch, Weibo had grown to 144 million monthly active users as of March, making it the closest thing China has to a public forum in a country where the media is strictly controlled by the government.
At the IPO price, Weibo, which is growing fast but posted a net loss last year, is valued at about $3.4 billion. The $17-a-share price, which was at the bottom of the projected range of $17 to $19. The company sold 16.8 million shares, fewer than the 20 million expected.,,怎样?