Renren success bodes well for Jiayuan’s IPO
Chinese dating website Jiayuan.com International has launched a $78.1m IPO on the Nasdaq stock exchange, hoping to tap into demand from investors who bought the $743m IPO of Renren.com this week — and saw their investment rocket almost 30% on its first day of trading.
Jiayuan launched its initial public offering last week, only days before Renrens booming debut on the New York stock exchange. Bankers said the strong performance of Renren.com has already helped boost demand for Jiayuan.
"Jiayuan has received a great reception and that was definitely helped by Renrens blow-out this
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