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  • 1 Post By ycchai
  • 1 Post By happy_camper

Weibo IPO - 9898 HK - thoughts?

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  1. #1

    Weibo IPO - 9898 HK - thoughts?

    Are there any thoughts about the Weibo IPO - 9898 HK?

    Seems today is last day to sign up and I wonder if that's worthwhile or not.


  2. #2

    Join Date
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    No clue where this is going .. just updating the thread.

    Hong Kong-listed shares of Weibo opened 6% lower in their trading debut on Wednesday.

    Shares opened at 256.20 Hong Kong dollars ($32.85) a piece compared to an offer price of 272.80 Hong Kong dollars ($34.98).
    https://www.cnbc.com/2021/12/08/weib...ong-debut.html

  3. #3

    Join Date
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    IPO these days are a scam of retailers monies, avoid them like a plague

    Sith likes this.

  4. #4

    I was tempted because it's well known and very established. Glad I didn't. $251 right now.

    https://finance.yahoo.com/quote/9898.HK

    Coolboy likes this.

  5. #5

    Join Date
    Jun 2019
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    Quote Originally Posted by happy_camper:
    I was tempted because it's well known and very established. Glad I didn't. $251 right now.

    https://finance.yahoo.com/quote/9898.HK
    Whenever these kind of IPOs occur, I ask, what's the catch?

  6. #6
    Quote Originally Posted by Coolboy:
    Whenever these kind of IPOs occur, I ask, what's the catch?
    In the past IPOs where quick money. But nowadays I rarely look at them. I prefer to focus on the US market anyway.

  7. #7

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    Let the beatings continue ..

    Hong Kong-listed shares of Chinese social networking giant Weibo tumbled more than 9% on Tuesday, as its operator was fined three million yuan ($471,151) by regulators.

    The Cyberspace Administration of China said on its official WeChat account that it fined Weibo’s operator BJ Weimeng Innovation and Technology Company because some accounts and content violated relevant laws and regulations.
    https://www.cnbc.com/2021/12/14/chin...-tumbling.html

  8. #8

    Did anybody look into their financial statements?
    That is no love-story too.

    If you experience FOMO, buy! Go for an adventure. It will go up one day.
    If you want to invest, do research first.

    (Clearly this is no professional financial advise )