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Chinese Social Networking Site Renren Rises 29% In NYSE Debut; Now Facebook?

Thursday, May 5, 2011 | More »

renren
Renren’s successful IPO could be the curtain raiser for what is to come if the world’s No. 1 social networking site, Facebook, goes public next year. Shares of Renren Inc, one of the biggest social networking companies in China, surged 28.6 percent in their debut on Wednesday. Strong dem...