Companies
Renren shares trade below offer price
(Crienglish.com)
Updated: 2011-05-12 16:21
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Shares of social China's networking site Renren have now fallen below its initial offering price of $14, reversing all the gains it made in its market debut.
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However, it has since been pummelled everyday, with investors said to be worried about how the company's books are managed.
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