Additionally, a Weibo IPO could find its way into the Global X Social Media Index ETF (NasdaqGM: SOCL). The $159.9 million SOCL was the first ETF to add Facebook to its lineup and was comparably fast to add Twitter.
Bolstering the case for Weibo eventually occupying a spot in SOCL’s lineup is the fact that the ETF allocates nearly 26% of its weight to China and that three Chinese companies are found among the fund’s top-10 holdings.
Renaissance IPO ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Facebook.