RenRen and Skimpy Financials

OK, sorry, that title was really forced.  So the supposed Facebook of China, Renren ($RENN), had its IPO today.  Everyone who’s anyone had a piece of it, from Morgan to Merrill.  The stock had a solid debut, up 29% even though the overall market is in de-risk mode this week.

My quick take on it, without having done any serious due dilly, is that this is a story with huge growth potential but a big knock against it right now – shady financials.  My friend Trader Mark has the story about how the company’s head Audit Committee guy just resigned out of nowhere.  Not my cup of tea but I’ll be watching it.

In honor of Renren’s debut, I’m bringing back two important posts on Chinese IPOs (at the suggestion of Joe Weisenthal).  They’re satirical as hell but good satire contains some vicious truth in it.  Hope you get something out of them…

Largest IPO in History,, Set to Debut

How to Do a Chinese IPO


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. is blazing trader a scam? commented on Sep 27

    … [Trackback]

    […] Read More Information here to that Topic: […]

  2. porn movie commented on Oct 18

    … [Trackback]

    […] Read More here to that Topic: […]

  3. commented on Oct 19

    … [Trackback]

    […] Info on that Topic: […]

  4. 토토 commented on Oct 20

    … [Trackback]

    […] Read More on on that Topic: […]

  5. Ruger firearms for sale commented on Dec 02

    … [Trackback]

    […] There you will find 97960 more Info on that Topic: […]

  6. td easyweb online commented on Dec 13

    … [Trackback]

    […] Find More Information here to that Topic: […]

  7. Beyond DVD players manuals commented on Jan 19

    … [Trackback]

    […] Find More on on that Topic: […]

  8. rbc online business banking commented on Jan 26

    … [Trackback]

    […] Information on that Topic: […]