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 — 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.