Chinese Social Network Renren Went Public Today, Hoping To Raise $743.3 Million


Renren Inc (NYSE:RENN) is the largest social network in China based on pageviews. The company is hoping to raise $743.4 million as they went public today. Renren is offering 53.1 million American depositary receipts for about $12-$14 each. Renren may have a market value of around $5.1 billion. Renren means “everyone” in Chinese. They have over 117 million users. Renren was able to gain traction as Facebook has been banned in China. [BusinessWeek]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Chinese Social Network Renren Went Public Today, Hoping To Raise $743.3 Million Comments

  1. Sammy Jankis says:

    I recently discovered AMICINA ( http://www.amicina.com ) which is probably the best social network for chinese people and China-lover… well.. it's another world.. IF you don't know it.. I really recomend to search it. Finally something good !

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