Facebook Follower Renren Eyes IPO: REPORT

Bloomberg:

Renren.com, China’s largest social- networking service, is seeking to capitalize on strengthening demand for the nation’s Internet stocks with a U.S. initial public offering.

Renren.com is preparing an IPO of about $500 million this year, according to three people with knowledge of the plan.

Read the whole story: Bloomberg

Comments

[Nel Pineda]

05:13 PM on 02/21/2011

Will they sell it with white rice or with free soup? Just joking.