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home / news releases / why 58 com stock was up today

WUBA - Why 58.com Stock Was Up Today

58.com Inc. American Depositary Shares each representing 2 Class A

Shares of Chinese classified-ad company 58.com (NYSE: WUBA) traded higher on Monday, after the company entered into a definitive agreement that will take it private. As of 2 p.m. EDT today, the stock was up 10%.

58.com previously reported it had received a buyout offer. But the terms of today's announcement are a little better for shareholders.

Image source: Getty Images.

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Stock Information
Company Name: 58.com Inc. American Depositary Shares each representing 2 Class A
Stock Symbol: WUBA
Market: NYSE
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