The social network is considering a RenRen Chinese IPO in the U.S., which would make him the first social networking side, said, Monday, February 21, the Financial Times, citing two unnamed sources familiar with the matter. The company, which claims 160 million registered for the service, plans to raise about 500 million dollars (366 million euros) in its IPO, led by Deutsche Bank among others, the economic daily said.
The company officials were not available to respond on Monday. A FIRST FOR A SOCIAL NETWORK RenRen, whose name means "all Tech News Buzz" in Chinese was founded in 2005, a year after Facebook. This is the most popular social network in China, especially as its U.S. rival is blocked by government censorship.
Facebook and its more than 500 million users in Tech News Buzz, yet not being publicly traded, RenRen could attract many investors willing to engage in this sector, according leFinancial Times. RenRen does not publish financial results, but the company said its advertising revenue had more than doubled in 2010 and 2009, the newspaper said. 
The company officials were not available to respond on Monday. A FIRST FOR A SOCIAL NETWORK RenRen, whose name means "all Tech News Buzz" in Chinese was founded in 2005, a year after Facebook. This is the most popular social network in China, especially as its U.S. rival is blocked by government censorship.
Facebook and its more than 500 million users in Tech News Buzz, yet not being publicly traded, RenRen could attract many investors willing to engage in this sector, according leFinancial Times. RenRen does not publish financial results, but the company said its advertising revenue had more than doubled in 2010 and 2009, the newspaper said.
- China Networking Site Renren Said to Plan $500 Million U.S. IPO (20/02/2011)
- Renren.com to list in U.S. this year: report (21/02/2011)
- Softbank Advances in Japan as Renren Said to Plan for IPO (21/02/2011)
- Renren owner eyes $500 million from U.S. IPO: report (20/02/2011)
- China's Largest Social-Network Site Said to Plan IPO (19/02/2011)
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