“China's facebook” goes public

    | BY

    Candice Mak

    Renren Inc., one of China's largest online social networking platforms has launched its initial public offering (IPO) on the New York Stock Exchange.…

    Renren Inc., one of China's largest online social networking platforms has launched its initial public offering (IPO) on the New York Stock Exchange. It raised US$855 million. It also made US$110 million worth of Regulation S private placements that closed concurrently with the IPO.

    The underwriters of the offering were Morgan Stanley, Deutsche Bank and Credit Suisse.

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