2011-05-03: RENN, Renren Inc.

Remark
. Chinese
. Featured in IPO Home

IPO Date & Price
IPO Date: 2011-05-03
Offer price/share: $14 x 53.1M = $743.4M

Underwriters
Joint Book Runner: Morgan Stanley, Deutsche Bank Securities, Credit Suisse, BofA Merrill Lynch, Jefferies & Co.
Co Manager: Pacific Crest, Oppenheimer & Co.

Business
Sector: Services
Industry: Business Services
Full Time Employees: 1570
Founded: 2002

Operates the leading online social network in China with 117 million users

Renren Inc. operates a social networking Internet platform in China. Its platform enables users to connect and communicate with each other; share information and user-generated content; play online games; listen to music; and shop for deals. The company’s platform includes Renren.com, a social commerce site; Nuomi.com, a social Q&A Website focused on the auto industry; Game.renren.com, an online games center; and Jingwei.com, a professional and business SNS Website. It also develops and operates Web-based games. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. The company was founded in 2002 and is headquartered in Beijing, China.

Yahoo: http://finance.yahoo.com/q/pr?s=RENN