Weibo Corporation Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs

January 19, 2024

https://www.prnewswire.com/news-releases/weibo-corporation-prices-offering-of-american-depositary-shares-in-connection-with-the-delta-placement-of-borrowed-adss-302002115.html

BEIJING, Nov. 30, 2023 /PRNewswire/ — Weibo Corporation (“Weibo” or the “Company”) (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced the pricing of a previously announced offering of 6,233,785 American Depositary Shares (“ADSs”), each currently representing one Class A ordinary share of Weibo, par value US$0.00025 per share (the “ADS Offering”), which the Company will lend (the “Borrowed ADSs”) to an affiliate of the underwriter in the ADS Offering (such affiliate, the “ADS Borrower”) pursuant to an ADS lending agreement with the ADS Borrower (the “ADS Lending Agreement”).  

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