In the video below Fool portfolio manager Matt Argersinger and managing editor Eric Bleeker discuss tech events across the past week.
In this segment, the two discuss the impending IPO of SINA's (NASDAQ:SINA) Weibo service. Along with many other stocks in the Chinese Internet space, SINA has seen its stock falter in 2014. Its shares are down 28% so far this year.
The general lack investor enthusiasm for Chinese Internet stocks has dampened hopes for a blockbuster Weibo's IPO, which previously had expectations of being valued at about $8 billion. That's a steep price for a social network that generated just $71.4 million in sales last quarter. Yet, Weibo was also profitable, which stands in contrast to the U.S. site it's most often compared to, Twitter (NYSE:TWTR). It's also still seeing heady growth, advertising revenue was up 163% last quarter.
Also, depending on what value Weibo IPOs at, parent company SINA could be a steal. The company currently owns about 71% of Weibo, yet itself is only worth $4 billion while having roughly $1.6 billion in net cash.
To see Eric and Matt's full thoughts on SINA, watch the video below.
3 stocks poised to be multi-baggers
The one sure way to get wealthy is to invest in a groundbreaking company that goes on to dominate a multibillion-dollar industry. Our analysts have found multi-bagger stocks time and again. And now they think they've done it again with three stock picks that they believe could generate the same type of phenomenal returns. They've revealed these picks in a new free report that you can download instantly by clicking here now.
Eric Bleeker, CFA owns shares of Sina. Matthew Argersinger has no position in any stocks mentioned. The Motley Fool recommends Sina and Twitter. The Motley Fool owns shares of Sina. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.