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Weibo Opens Way Below IPO Price

Submitted by Tyler Durden on 04/17/2014 12:03 -0400

Moments ago Weibo opened at a price that shocked pretty much everyone following the story of "China's Twitter", which had already cut overnight the number of shares it was taking public:

WEIBO CORP OPENS AT $16.27, IPO AT $17.00

However, within moments of opening the underwriters did everything they can to avoid another Facebook and defended the IPO price, promptly sending the stock above $17.00 where it was trading as of this second.

Will they succeed in keeping the most watched social network IPO of the week above its IPO price, or will the Chinese social networking craze also be Candy Crushed? The next few hours should give the answer.

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Thu, 04/17/2014 - 12:05 | 4669760 alangreedspank

Weibother?

Thu, 04/17/2014 - 13:04 | 4669993 codecode

WEIBO 's wobble but they don't don't fall down!

Thu, 04/17/2014 - 13:47 | 4670132 max2205

Tyler, quit Gartmaning yourselve...+24% now

Thu, 04/17/2014 - 14:40 | 4670341 rubiconsolutions

Weinvest?

Thu, 04/17/2014 - 12:07 | 4669769 magpie

Why should Johnny Chinaman get away with this racist ploy...

Thu, 04/17/2014 - 12:09 | 4669772 Skateboarder

Social? Nay - twerking.

Thu, 04/17/2014 - 12:11 | 4669779 maskone909

the entire world has stockholm syndrome. the public funds companies that ruin our standard of living, and do it with a smile!

Thu, 04/17/2014 - 12:14 | 4669787 fonzannoon

I don't know if it's stockholme syndrome...but I have been holding my nose and buying stawks this am. The 10yr back at 2.70 is holding up the "mission accomplished sign"

Thu, 04/17/2014 - 12:19 | 4669817 maskone909

im kinda thinking the $SPX will touch the 200DMA before it breaks out again but yeah man lets make some money before it blows up

Thu, 04/17/2014 - 12:20 | 4669821 NOTaREALmerican

Re: the entire world has stockholm syndrome

You are right about the public funding, but not sure it's "stockholm syndrome". The higher evolved humans (aka sociopaths) win by running scams on dumbasses. The current system is just a really really good shell-game. In this case, the "shells" are the bullshit used to distract the dumbasses, and the quality and variety of bullshit is the finest in the world.

Look, over there, one of "THOSE PEOPLE" actually got your loot!. Look, over there, a wise - bearded - economist says we need more debt. It's so easy, even a sociopathic caveman could do it.

Thu, 04/17/2014 - 12:29 | 4669856 maskone909

for those who arnt sure what stockhoml syndrome is....

Stockholm syndrome, or capture-bonding, is a psychological phenomenon in which hostages express empathy and sympathy and have positive feelings toward their captors, sometimes to the point of defending and identifying with them. These feelings are generally considered irrational in light of the danger or risk endured by the victims, who essentially mistake a lack of abuse from their captors for an act of kindness.^[1]^[2] The FBI's Hostage Barricade Database System shows that roughly 8% of victims show evidence of Stockholm syndrome.^[3]

Stockholm syndrome can be seen as a form of traumatic bonding, which does not necessarily require a hostage scenario, but which describes "strong emotional ties that develop between two persons where one person intermittently harasses, beats, threatens, abuses, or intimidates the other."^[4] One commonly used hypothesis to explain the effect of Stockholm syndrome is based on Freudian theory. It suggests that the bonding is the individual's response to trauma in becoming a victim. Identifying with the aggressor is one way that the ego defends itself. When a victim believes the same values as the aggressor, they cease to be a threat.^[5]

Thu, 04/17/2014 - 12:42 | 4669908 NOTaREALmerican

Yeah, good post. That's why I'm not sure it's "stockhoml syndrome". Usually, dumbasses getting scammed are just (well) dumbasses.

Thu, 04/17/2014 - 12:49 | 4669930 maskone909

indeed old friend. perhapse it will require a new name...

Stawk-holm Syndrome™

brought to you in part by Brawndo

save yourselves! buy Stawks!

Thu, 04/17/2014 - 12:15 | 4669788 TaperProof

they tried to keep the facebook ipo pumped up too, failed horribly.

Thu, 04/17/2014 - 12:21 | 4669823 Skateboarder

Yeah, and it hung out in the 20s for quite a while too. Up to 60 now. And we thought it was just ZuckDaShmuck cashing out at an opportune time, leaving a sinking ship behind him. Nope, it's totally bananas is what it is.

Thu, 04/17/2014 - 12:48 | 4669927 insanelysane