Renren.com plans to list in the US this year in a deal that could make the Chinese company one of the world’s first social networking sites the public can invest in.
The company plans to raise about $500m in an offering managed by Deutsche Bank, among others, said two people close to the situation.
China’s internet companies have mostly been followers, copying their larger and more mature US peers’ business models and adjusting them for their domestic market. But Renren’s planned listing could make it a leader in attracting investor funds.
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