China’s Weibo Seeks Up to $1.2 Billion in First Syndicated Loan

Weibo Corp. is seeking an up to $1.2 billion syndicated financing, following other Chinese social media platforms in venturing offshore to raise funds.

The investment-grade rated firm is marketing the deal at an initial size of $900 million and has the option to increase by up to $300 million, according to people familiar with the matter.