Renren (RENN) IPO Prices at $14, Top End of Range
Get Alerts RENN Hot Sheet
Join SI Premium – FREE
After initial reports that it was delayed, it is now confirmed that the IPO for China's leading search engine Renren Inc. (NYSE: RENN) has priced. Shares will open later today on the NYSE under the symbol "RENN."
Renren sold 53.1 million shares at $14, the top end of the $12-$14 range which was recently raised from $9-$11.
A number of China Internet stocks have been moving ahead of the Renren IPO and today's open of the new issue could increase volatility: Baidu (Nasdaq: BIDU), Sina Corp. (Nasdaq: SINA), Sohu.com Inc. (Nasdaq: SOHU), E-Commerce China Dangdang Inc. (NYSE: DANG), Youku.com Inc (NYSE: YOKU), Qihoo 360 Technology Co. Ltd. A (NYSE: QIHU).
Renren sold 53.1 million shares at $14, the top end of the $12-$14 range which was recently raised from $9-$11.
A number of China Internet stocks have been moving ahead of the Renren IPO and today's open of the new issue could increase volatility: Baidu (Nasdaq: BIDU), Sina Corp. (Nasdaq: SINA), Sohu.com Inc. (Nasdaq: SOHU), E-Commerce China Dangdang Inc. (NYSE: DANG), Youku.com Inc (NYSE: YOKU), Qihoo 360 Technology Co. Ltd. A (NYSE: QIHU).
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rubrik (RBRK) Prices 23M Share IPO at $32/sh, Above Indicated $28-$31/sh Range - Reuters
- BofA says there is a continued strength in buybacks
- Viking Holdings (VIK) Announces 44M Share IPO at $21-$25/sh
Create E-mail Alert Related Categories
Hot IPOs, IPOs, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!