Ren Ren IPO in the US
Chinese SNS site renren (RENN) hit the market last week as one of the most aggressive IPO in SNS history. Shares were up over 40% right out of the gate.
However, with the weakness in the overall US equity market as well as commodity burst last week. Renren has fallen to a level that is just a few percentage higher than the initial IPO price.
Renren only have 118 million users in china, compare to facebook of 650 million users world wide, there are still a lot of room to grow given the 12 billion population in China.
On weakness, this one would be on my accumulation list.
About Andy Huang
Andy Huang brings years of results-driven technology marketing expertise to the position as Speaker, Coach, Trainer, Analytic & Google Partner. He has the innate ability to combine traditional and cutting edge marketing methods to quickly grow brand awareness and increase market share across 197 verticals and over 300+ clients. One was acquired in 2015 for $37 Billion, another in 2013 for $1.1 Billion both Nasdaq listed. With extensive experience in revenue driven servicing His aggressive implementation of these strategic proactive revenue planning & marketing efforts rapidly impact all of clients business’s bottom line.
Now with business blogging on the internet, Andy Huang will share with you some of his most successful business resource and strategies to help fuel your success online!