The Successor Network Recently Submitted To IPO To Apply For Listing In The US In Mid May.

In April 12th, according to sources, SNS website

The source said that after Renren's application is submitted, if it is approved smoothly, it will conduct a roadshow, which will then be officially listed, which takes about a month.

It is learnt that Renren's designated underwriters are Morgan Stanley, Credit Suisse and Deutsche Bank, which plan to raise $500 million.

Prior to that, Qihoo 360 was successfully launched in March 30th, and it rose 135% on the first day of listing. Netqin and Century Internet are queuing up for IPO.

The domestic Internet industry will start another round of listing tide.

Renren, formerly known as the school network, was founded in December 2005, one year later than Facebook, another world-renowned social networking site. It is the earliest campus SNS community in China.

In February, Liu Erhai, who wanted to invest in managing director, has also disclosed the news of Renren's coming soon.

It is worth mentioning that in 2008, Softbank invested $384 million in 1000 oak group, which was Sun Zhengyi's largest single investment in China at that time.

In accordance with the agreement between the two sides, the first batch of capital injection was about 96 million dollars, Softbank Holdings 14%, and capital injection of 288 million dollars a year later, eventually Chen Yizhou will be allocated to 40% of Softbank group.

Thousand oak has always said,