Weibo, the microblogging firm known as ‘China’s Twitter,’ made a less than impressive public bow on the US markets after raising $286 million in an initial public offering in New York on Wednesday. Weibo’s decision to list in the US excited many analysts at the time, thanks to a combination of comparisons with Twitter, the backdrop of a number of impending China tech IPOs, and Facebook’s acquisition of WhatsApp for $19 billion. The initial listing has arguably failed to live up to that billing, however. Shares were sold for $17, which is at the bottom end of the firm’s valuation, while Weibo sold 16…
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