Weibo shares fall 6% below issue price in Hong Kong listing

Weibo shares fall 6% below issue price in Hong Kong listing

The logo of Sina Corp.'s Sina Weibo microblog service is displayed on an Apple Inc. iPad and iPhone in an arranged photograph in Hong Kong, China, on Wednesday, Feb. 5, 2014. Photographer: Brent Lewin/Bloomberg

Chinese social media giant Weibo Corp‘s shares debuted 6.1% below their issue price in Hong Kong on Wednesday, as it became the latest U.S.-listed China stock to seek out a secondary listing closer to home.