“China's facebook” goes public

    May 13, 2011 | 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.

    Hong Kong-based Latham & Watkins partner Julie Gao led the team that advised the issuer. A Shearman & Sterling Beijing team led by Alan Seem represented the underwriters.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]