Tencent-backed Weimob bags $150m from debut convertible bond

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By Jonathan Breen
07 May 2020

Weimob, a cloud-based commerce and marketing solution provider, has raised $150m through its first outing to the equity-linked market.


The Chinese firm, which is backed by internet giant Tencent Holdings, brought a five non-call three year convertible bond to investors on Wednesday.

At around 6.30pm in Hong Kong, the global co-ordinators, bookrunners and lead managers CICC, Credit Suisse and Morgan Stanley launched an accelerated bookbuild for the CB, ...

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