The following corporate finance-related stories were reported by media:* Sina Corp has hired Credit Suisse AG CSGN.VX and Goldman Sachs Group Inc for a U.S. initial public offering worth about $500 million of its Sina Weibo microblogging service, a source familiar with the plans said on Monday.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 1.24% or $2.04/share to $166.54. In the past year, the shares have traded as low as $137.29 and as high as $181.13. On average, 3087780 shares of GS exchange hands on a given day and today's volume is recorded at 3268511.
SINA Corporation (SINA), incorporated on July 9, 1997, is an online media company serving China and the global Chinese communities. Shares of SINA traded higher by 4.29% or $3.13/share to $76.08. In the past year, the shares have traded as low as $45.54 and as high as $92.83. On average, 2690620 shares of SINA exchange hands on a given day and today's volume is recorded at 6461654.
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