News Analysis Chinese internet firm Sina Corp. agreed to go private and delist from Nasdaq, twenty years after its landmark U.S. IPO that led to a wave of Chinese companies listing their shares in the United States. Sina’s decision was crystallized after an entity led by its chairman Charles Chao sweetened the acquisition offer to $43.30 a share. New Wave Holdings, the entity making the takeover bid, increased its offer from its initial one in July 2020 of $41 a share. Inglorious End of a Trailblazer Sina was founded in 1998 by a group of software engineers and started out as an internet portal. Sina went public in New York in April 2000 during the dotcom heyday, becoming the first Chinese company to list its shares in the United States. Its IPO was quickly followed by other Chinese internet giants Sohu.com and NetEase in the same year. The company was …