April 18, 2014
Weibo, better known as China’s answer to Twitter, was the big winner among five initial public offerings that made their debuts Thursday. Yet, it wasn’t exactly a high-flying performance to make investors chirp.
The IPO market, which is coming off its best year since 2000, is showing unmistakable signs of returning to earth ‚ÄĒ the latest casualty of last week’s stock market plunge, which prompted investors to dial back risk-taking.
That slowdown may take some of the excitement out of the coming IPO for Chinese e-commerce giant Alibaba, which could submit its official filing to U.S. regulators as early as next week. . It’s being widely touted as the biggest IPO since Facebook raised more than $16 billion in May 2012.