The opening price of kaixin nets rose 39% than the issue price listed on the first day

Beijing May 4 - Beijing time May 4 late, everyone company (NYSE: RENN) in the United States NYSE listing transactions. Beijing that IT channel for $19.50 everyone company, a price of $14 39.28% price surged.
Everyone company Beijing time this day night landing nyse, before the opening price of $14, determined as the price range for the previous maximum. According to its 5310 million shares American depositary shares (ADS) issue size, everyone company listing and financing amount will reach 7.4 billion dollars.
It is reported, according to the stock price 19.50 opening the market value calculation, and everyone company already more than 80 billion dollars.
In March 31 12 months, everyone company revenue 77 million us dollars, for $1.1 million net loss, which embodies the $1.5 million non-cash expenses and intangible assets amortize. And the same period last year realization 60 million us dollars, including net $11.3 million reflects the non-cash expenses and intangible assets amortize.
Everyone inc. owns three websites, respectively is everyone nets (Renren. Com), everyone Game (goldmine. Renren. Com) and glutinous rice nets (Nuomi. Com).
By March 31, 2011, and everyone company total 1.17 million people activated subscribers. From January 2011 on March, everyone company new 200 million users each month. After completion of ChenYiZhou on ipos, will hold about 2.70 billion shares, and shares for shareholding 22.8 as the number one individual shareholders. SB PacificCorporation will hold the Pan, and shares billion shares 4.05 share ratio, becoming the first for a 34.2% institutional shareholders.
Foreign media reports citing sources words which was expected, and everyone in the United States time net on Tuesday with U.S. market closing price, but now after Wednesday would be expected to extended to. Has yet to get further information and details.
It is reported, everyone nets is located in Beijing, plans to $12 to 14 per share price of the 5310 million shares sold American depositary shares (ADS), stock code for "RENN." . Everyone nets on April 27 revision of the offering documents, its monthly for new independent access subscribers, an increase of 500 million, rather than originally published 19%, 29 percent of the growth of 7 million. Listed eve, everyone nets also undergone important personage, the independent directors and change audit committee chairman drake ? pola ShuKe (Derek Palaschuk), because its existence has referred to under fraud and fraudulently revenue and other improper behavior, resigned as everyone nets related position.