Oak Pacific Interactive, Chinese Company Behind Renren and Nuomi, Is Considering A U.S. IPO

Posted Dec 10, 2010

[Renren Screenshot]

Oak Pacific Interactive is a Chinese Internet company that has created the “Facebook of China” called Renren and the “Groupon of China” called Nuomi. Oak hired Creduit Suisse Group AG and Deutsche Bank AG to underwrite the IPO. The IPO is expected to take place sometime next year. This year there were 35 Chinese IPOs in the U.S, including Youku and DangDang. [Fast Company]