Renren shares rose in their market debut Wednesday after the company priced its initial public offering at the top of an expected range.
Strange goings on with hot Chinese IPO RenRen, set to begin trading this morning at the NYSE. I understand that the deal closed and priced this morning (it was supposed to price last night)—53.1 million shares were priced at $14 (about $743 million), above the price talk of $12-$14.