Weibo, twitter like micro messaging service in China, is going to launch an IPO in US valued at $500 million like many other Chinese companies who are aiming at American Stock Markets.
Weibo, which is owned Sina Corp, has engaged Credit Suisse and Goldman Sachs as advisers for their US stock market debut. The company said that this IPO will help it maintain its talent pool and help in brand recognition.
Weibo has however said that the future censors by the Chinese government as possible risk factors that can affect the stock performance. Weibo has currently almost half the size of user base compared with Twitter.
The proposed $500 million IPO size is an estimate that has been made for getting a figure of registration fees that Weibo will pay.