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Technology Stocks : Renren -- Ignore unavailable to you. Want to Upgrade?

To: zax who wrote (7)5/4/2011 12:16:57 PM
From: Savant  Respond to of 310
 
Well, RENN has some big names pushing it, for the time being.

The Audit committee chairman disappearance is a bit worrisome, no doubt.

There are enough ???'s, so that the shorts will be building their wall of worry.

Having said that, I'm long, for now.



To: zax who wrote (7)5/4/2011 12:50:53 PM
From: Savant  Read Replies (2) | Respond to of 310
 
One thing worth mentioning, as to *X* value...
The earlier cos. went out at significantly lower market caps, yes?

"After the IPO, it will have roughly 1.18 billion ordinary shares outstanding"

That puts it at approx. $20 Bln. market cap, as we speak.

Unless the ADRs represent a different amount of shares..haven't looked yet.

Best,
S.

PS, Pity they had to IPO in 'go away May', and a nasty US market day, to boot.


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