HONG KONG, Dec 8 (Reuters) - Chinese social media giant Weibo Corp's shares closed 7.2% 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.
The Hong Kong debut was in line with a fall in Weibo's primary listing in New York after a torrid week for U.S.-listed China shares.
Weibo, which raised $385 million for its Hong Kong listing, opened at $256.20 and closed at HK$253.2 after a volatile debut session.
The stock had been priced at HK$272.80 each in its secondary listingin which 11 million shares were sold.
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