The Financial Times yesterday
reported on the upcoming IPO of Chinese social network Renren.com:
�The strong interest [in Renren's IPO] stems from the fact that there is no major social media or social networking company open to public investment. With a Facebook IPO at least a year off, many investors are keen for a slice of ?the Facebook of China?. The offering is set to price on Tuesday in the US and begin trading on Wednesday. Highlighting the success of the pitch to market Renren as a Facebook proxy, the price range was raised on Friday from the initial $9-$11 to $12-$14. That could increase the deal size to as much as $743m, from the $584m planned originally.
The link in the excerpt above is from another
Financial Times story that questions Renren's valuation and user numbers, and is one of many signs that investors should take a cool and calm look at the company. But before looking at the doubts, let's look at why the company is worth the excitement:
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