Chen Yizhou Is Worth 1 Billion 817 Million Dollars &Nbsp; Softbank Is The Biggest Winner Of The Organization.

Yesterday (May 4th), China Internet social networking site Renren successfully landed in the New York Stock Exchange, opening at $19.50 per share, up 39.28% from the issue price of 14 U.S. dollars, the issue size is 53 million 100 thousand U.S. depositary shares (ADS).

As the first share of social networking sites in China, Renren has many selling points in this listing. Besides core assets Renren, there are also many

Ari analyst told Tianyi in an interview with reporters that Renren is the first social networking site to list in the US, which shows the strong development of China's Internet and once again got the United States.

Chen Yizhou is worth 1 billion 817 million dollars.

Softbank is the biggest winner.

It is understood that Renren's predecessor is the forward group. When renamed the Renren company, Chen Yizhou said in a media interview on the first day of listing, "thousand oak" is not well-known internationally. Besides, the name of the company should reflect the core assets, and the core asset is Renren, so it has been renamed.

Today, Renren is successful IPO, the issue price is also positioning the previous limit price of 14 US dollars, and another 740 million US dollar financing has also created a new high level of Internet listing in China.

According to press deadline (22:13), the company's current stock price is $19.28, and its total market value is $7 billion 568 million.

In addition, the successful listing of Renren has made Chen Yizhou, chairman and chief executive of Renren network, a veteran of many years of struggle in the Internet industry. Finally, he can get together with Zhang Zhaoyang and Ma Yun of his peers in the capital market.

The listing of Renren has doubled the value of Chen Yizhou, and the investment institutions lurking in listed companies have also made a fortune.

Statistics show that before Renren City, Chen Yizhou owned a common stock of 94 million 420 thousand shares of ADS, which sold 4 million 343 thousand shares of ADS at the issue price of $14, equivalent to 4.6% of its total holdings and 60 million 800 thousand dollars in cash in the IPO process.

After Renren's successful listing, Chen Yizhou's shareholdings fell to 90 million 80 thousand shares, which was valued at $1 billion 756 million at the opening price of US $19.5.

The two parts can be counted together, and Chen Yizhou's worth is about $1 billion 817 million.

In addition, Renren has been favored by many world-class investors such as DCM, General Atlantic, Accel Partners, Lenovo investment, Softbank and so on since 2006, raising a total of about $480 million.

As an institution, Softbank's SB Pan Pacific Corporation will hold 400 million ordinary shares of everyone company, about 135 million shares of ADS, 34.4% stake after IPO, and 33.6% of voting rights (less than 56% of Chen Yizhou). According to the opening price, this part of stock is currently worth 2 billion 630 million US dollars, and 3 years ago, Softbank only invested 384 million dollars in investment at that time, now it has appreciated by 585%, nearly 6 times.

In addition to Softbank, Renren's other investors, such as DCM, GA (4 million 500 thousand cash ADS at IPO), Joho Capital and Lenovo investment, are also very lucrative. Of course, the biggest winner is Softbank group.

Bright prospects for development, but bottlenecks still exist.

The listing of Renren has opened the way for social networking sites to go public.

In view of this, Dong Xu, an analyst with Analysys International, said in an interview that China's huge Internet user group has made the Chinese Internet market attractive to investors. The rapid development of Facebook in the United States has made the SNS model recognized. Coupled with the domestic environment, a large number of overseas manufacturers are not developing well in China. This, to a certain extent, makes overseas institutions see the particularity of the mainland market, and is more optimistic about the better developed companies in the mainland market. These are the main factors to promote Renren's listing.

According to the statistics and analysis of service provider CNZZ data, in the first quarter of 2011, the number of visitors per day on social networking sites reached 75 million 970 thousand, an increase of 3.29% over the same period last year. The number of visitors per day in January was relatively stable, and remained stable from the end of February to the end of 3.

An industry insider said that the rapid development of the micro-blog industry has had a lot of impact on social networking sites.

According to Tianyu, because the profit mode of "advertising + game sharing and increasing service income" is relatively stable, the bottleneck of development exists.

The impact of micro-blog's rise on social networking sites is inevitable, but the two will not conflict, and will continue to develop rapidly.

And Analysys International analyst Dong Xu believes that China's SNS in terms of profitability is mainly in two directions, that is, enterprise end charges and personal user fees.

From the perspective of the overall market, the charge of the enterprise side is the main supporting part. The payment of individual users is better in some of the manufacturers, but still in the stage of pave the way in the overall market.

The conflict between micro-blog and SNS website is mainly due to the fact that users use Internet time.

As the first share of social networking sites, Renren's successful listing also opened the prelude to IPO, the most densely populated Chinese Internet company in Wall Street history.

Netqin also landed in the US capital market today. China Internet companies such as Jiayuan, Fenghuang, Tudou, Lei and so on are expected to list in the US in May.

Chen Yizhou said the listed service providers, lawyers, accounting firms and investment banks must use reputable and experienced service providers.

In addition, after the listing, we should maintain a good attitude and not regard listing as the final result, so that we can develop and retain talents for a long time.

Listing is actually more pressure on management.