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Recent IPO Weibo’s (WB) stock rose Tuesday after T.H. Capital initiated coverage of the company with a buy rating, saying user growth worries have eased. The firm set a price target of 24 on Weibo stock. Weibo runs a Chinese-language microblogging social network, much like Twitter (TWTR)or Facebook (FB). Weibo — ‘microblog’ in Chinese — was spun off by Chinese Web portal Sina (SINA), which reduced its stake in the company to 56% from 78% but Scalper1 News
Scalper1 News