Shares of Chinese social media giant Weibo open 6% lower on the first day of trading in Hong Kong

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Shares of Chinese social media giant Weibo open 6% lower on the first day of trading in Hong Kong
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This is the Chinese social media giant's secondary listing where it raised approximately $385 million.

Costfoto | Barcroft Media | Getty ImagesShares opened at 256.20 Hong Kong dollars a piece compared to an offer price of 272.80 Hong Kong dollars .

It is a secondary listing for the Chinese social media giant, which raised approximately $385 million.Weibo's secondary listing comes as Chinese ride-hailing giant

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