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Sina hires Credit Suisse, Goldman for $500 million Weibo U.S. IPO: source
February 24, 2014 / 7:30 AM / 4 years ago

Sina hires Credit Suisse, Goldman for $500 million Weibo U.S. IPO: source

HONG KONG (Reuters) - Sina Corp has hired Credit Suisse AG and Goldman Sachs Group Inc for a U.S. initial public offering of its Sina Weibo microblogging service worth about $500 million, a source familiar with the plans said on Monday.

Sina Weibo, one of several Chinese Twitter-like short messaging blogs, plans a listing in the second quarter, added the source, who was not authorized to speak publicly on the matter.

Reporting by Elzio Barreto; Editing by Michael Flaherty and Matt Driskill

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