News Snapshot:
HONG KONG (Reuters) – Chinese social media company Weibo Corporation has been approved by the Hong Kong Stock Exchange’s listing committee to sell shares in the city, according to regulatory filings, giving it a secondary listing alongside New York. Weibo not specify how much China’s largest microblogging platform is looking to raise in the secondary listing, nor specify a timetable for the sale. The filings were part of a post-committee hearing information pack published on the Hong Kong Stock Exchange’s website, indicating Weibo had been given approval to press on with the listing. Sources have previously told Reuters the deal...
