Thursday, May 5, 2011

Renn the first daily all over the issue price of $ 18.01 up 28.64%

Renren Company (NYSE: RENN) traded on the NYSE yesterday evening, to close at $ 18.01 this morning, up 28.64% over the issue price. This is the rs gold wave of the Act listed in May. Analysis pointed out that China's Internet market is driving the influx of multi-polar development, and is conducive to innovation in the industry and the checks and balances.

Beijing's night, it was the day in New York. May 4 wow gold rain pouring Wall Street, however, Chen Zhou, and executives said after a group Runescape Gold photo outside the NYSE, for the Chinese, the rain is a good sign.

Sure. 21:40 yesterday evening, all officially listed for trading on the NYSE opening price $ 19.50, representing an issue price of 14 dollars rose 39.28%. After a brief adjustment, all stock prices fluctuate around the $ 19. Close this morning, reported $ 18.01 for all shares, 28.64% higher than issue price.

This is not difficult to foresee the results, Chen Zhou, the capital should already feel the heat. April 16, everyone said in the prospectus for the IPO pricing range of 9-11 dollars. Thirteen days later, everyone will be raised to the range of 12-14 dollars. Less than an hour before the market opened yesterday, people talent eventually set the issue price of 14 dollars, range limit.

As a result, all fund-raising in this IPO will be at least $ 740,000,000, also Chinese Internet companies to the U.S. IPO Prospectus of the recent new high. But no more than a grand game in 2009 and 2007 Alibaba.

Based on closing price, market value has reached 7.07 billion U.S. dollars for all, ranks among the top four listed companies in China's Internet. Chen Zhou business twelve years, standing alone in the center of each photo NYSE looked buy cheap wow gold a bit grim. IPO everyone executives continuous lack of sleep, Chen Zhou said that today a kind of free feeling.

This is only May-intensive Internet companies listed on China's first act. The next 30 days, there are three listed Chinese Internet companies to determine, is expected to be up to seven concurrent IPO.

"Let the market to more severe wave of it, the Chinese Internet a decade-long pattern of several mountains which are gradually broken, open collaboration began to share the arrival of multi-polar", DCCI, general manager of Internet data center last night, Hu Yanping Bo said in micro, new industry change in the situation is conducive to innovation, diversity can also create checks and balances.

CEO Gavin Ni and Qing dynasties takes a similar view, in his view, with all net, 360, Youku and a number of Internet companies listed, and the rise of such micro-Bo, China's Internet situation will change dramatically.

In connection with the domestic media, Chen Zhou will be listed on all compared to a book just written the foreword. "Future Social Media Zhege rift gold industry, whether it microblogging or SNS, in the next few years is Xianjin product gene, a huge market," Chen said that the raising of a boat will have their funds into research and development, and wireless Internet in the layout.

"What is needed now is not the surface of the financial figures, but a real grasp of the Chinese market," the Chinese Academy of Social Sciences Research Center of Information, said the Secretary-General Jiang Qiping. 

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