Renren company goes public

The F- 1 listing application documents submitted by Renren Company to the SEC show that the company's stock code is RENN, and it plans to sell 53 million ADSs (American Depositary Receipts) on the New York Stock Exchange. The expected issue price range is 9 to 1 1. According to the middle price of this issue price range, the IPO will raise about 500 million US dollars.

According to the prospectus, after the IPO is completed, Chen Yizhou, the founder of Thousand Oaks Group, will hold about 270 million common shares, accounting for 22.8%, becoming the largest individual shareholder. Chen Yizhou also holds about 55.9% of the voting rights and has absolute control. In addition, SB PanPacificCorporation will hold 405 million ordinary shares, accounting for 34.2%, making it the largest institutional shareholder. According to the investment bank, Renren Company has officially started the listing process. Renren is expected to go public in mid-May, and seven investment banks, including Morgan Stanley, will be the underwriters of the IPO.

During the silent period of listing, Renren Company did not respond to the listing contents.

June 2065438+02 Renren.com invited BYD Wang Chuanfu to replace Li Ruigang as an independent director.