All companies listed on the NYSE IPO in history as the largest market capitalization stocks in China

May 5, 2011 - May 4, U.S. time, the Chinese businessmen who operate social networking sites known formally in the New York Stock Exchange company, the trading symbol "RENN". All the company successfully through the initial public offering financing 743 million, if the underwriters exercise green shoe provisions, the financing would amount to up to 855 million. Meanwhile, all the listed companies has created a world first, and a China the most: all network listed as the world's first social networking site; all the U.S. stock market history, the company became the largest Chinese IPO market capitalization stocks.

All the company issued a total of 53.1 million copies of the American depositary shares (ADS), the initial offering range set at 9-11 dollars, followed by the enthusiastic response from the market upwards to 12-14 dollars, and ultimately determine the issue price of 14 dollars.

Broader market weakness in the U.S. today, which is all the company's first day of trading brought about some challenges. However, all the stock is still 39% higher than the issue price of the opening price of $ 19.5, the highest intraday rise to 24 dollars, to $ 18.01 the final closing, 28.6% higher than the issue price. Everyone is very active first day of trading stock, day trading volume were a staggering 90.67 million ADS, a total of 53.1 million copies of issue of ADS 1.7 times the turnover exceeded 1.7 billion.

To the issue price of 14 dollars, all the company's IPO market value of 55.3 billion U.S. dollars, which makes every company a market capitalization of U.S. stock market history, the biggest Chinese IPO stocks over the previous Baidu, Youku, Sina, Netease, Sohu New Oriental, and many other companies.

If the closing price of $ 18.01 the first day of terms, all the company's market capitalization of $ 7,120,000,000, down slightly from SINA Corporation, more than Alibaba, in all listed Chinese Internet companies have been ranked fourth. According to the latest market value, the top five Chinese Internet companies are: Baidu, Tencent, Sina, everyone, Alibaba. New York Stock Exchange, Yang Ge, Chief Representative in Beijing, said: "Everyone has the integration of the 'Chinese companies', 'Internet company', 'social networking', and many other capital markets in the United States the most popular elements. Based on strong user groups, and good earnings prospects, coupled with the concept of the U.S. market, particularly China, the Chinese concept of the pursuit of the Internet, created a great market for all the background. As the world's first social networking company listed in the United States of similar companies, such as Facebook and successfully listed before Linkedin, which in the capital markets have a high scarcity value. " It is noteworthy that, Linkedin announced today at the same time, will soon also listed on the NYSE IPO. Meanwhile, as the industry leader in the private market, Facebook has reached over 700 billion U.S. dollars of valuation, so it is a lot of people called the "Chinese version of Facebook" of all companies listed today have such excellent performance is not surprising.

Ge Yang said: "Chen Zhou Tsinghua University in 1998, is located just outside the south gate of the office three floors of the three powers in the church office a few simple start a business, working with partners to successfully founded Chinaren site. Subsequently, and after Second Start for many years, and today the company leads all sounded the New York Stock Exchange's opening bell, the market value of China's biggest Internet companies. Chen Zhou experience, but also China's Internet microcosm of the history of the past decade. After the end of last century The first round of the bubble, and the subsequent low for several years, the Chinese Internet industry and today has reached an unprecedented peak. last six months, everyone, Youku, the odd tiger, Dangdang, found room, easy network, and other leading car China's Internet companies, has listed on the NYSE, rewrite the map of the Chinese Internet industry, the development of China's Internet industry has brought a positive role in promoting. "

All the company's management, including Chairman and CEO Mr. Chen Yizhou, Chief Operating Officer Mr. Liu Jian, Chief Financial Officer Miss Huang Hui, bring on behalf of investors Softbank's Mr. Katsumasa Niki, and the United States DCM's Mr. Zhao Keren , there are more representatives of the underwriters, together sounded the New York Stock Exchange opening bell today.

Morgan Stanley, Deutsche Bank and Credit Suisse are the joint for all companies the IPO lead underwriter.