Renren Inc (NYSE:RENN) (人人, "Everyone") is the largest real name social network in China in terms of page views and total user time spent on the site. The company operates a platform on which users can play games, listen to music, shop and purchase, along with interact with other users. Renren makes money through online advertising and value-added services. These value-added services consist of fees to merchants who offer their products or services on Renren or its affiliated platforms. 
Renren's continued growth is based heavily on the growth of the middle class in China and the resulting increase in internet usage in China. In particular, Renren has had a focus on college aged Chinese students who have heavily adopted the internet and use the site to maintain social connections. Renren hopes that the continued economic growth and internet penetration will cause their usage to rise.
The company's initial public offering of stock on the NYSE occurred on May 3, 2011. The company offered 53.1M shares each for $14. This was at the high end of the $12-$14 initial price range. The company had originally planned to sell between the range of $9-$11. This offering raised a total of $114M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), and Credit Suisse Group (CS).
For the full year 2010, Renren announced a total revenue of $76.M. This was an increase from the $46.7M in 2009. The company also announced a net loss of $64M. This was an improvement from the net loss of 2009 of $70M.