iFeng Tech, 4/12/11
According to an industry source, Chinese social networking site Renren is edging closer to an IPO, with plans to start its road show this Friday and list on a U.S. exchange this month.
Liu Erhai, managing director of Chinese VC Legend Capital, which is one of Renren's investors, confirmed that Renren was preparing for an IPO.
Editor's Note: For more background on this topic, please see "Rumor: Renren to Raise USD 500 Mln in IPO" MD 2/21/11 issue.
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