According to a PrivCo report Sina is planning to launch an IPO for its Weibo micrblogging service as soon as June. The report estimates the microblogging service, often referred to as a Chinese Twitter (TWTR), is valued at up to $8 billion.
In November 2013 Sina said Weibo had 60.2 million daily active users.
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TheStreet Ratings team rates SINA CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SINA CORP (SINA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
Highlights from the analysis by TheStreet Ratings Team goes as follows: