Weibo — the Chinese microblogging site often compared to Twitter (TWTR) — is expected to pull off its highly-anticipated IPO in the U.S. by as early as this summer, and financial research firm Privco says a Weibo IPO could be valued as high as $8 billion.
The offering itself is something of a no-brainer. Facebook’s (FB) $19 billion deal for WhatsApp caused reverberations across the global tech markets that made mobile messaging a must-have, which bodes well for a Weibo IPO.
Weibo is the creation of Chinese-based Internet operator Sina (SINA), which wanted to build an app that simply made it easy to send short messages. Weibo caught fire quickly and has ballooned to 61.4 million active daily users. Read