us ipo

Investors take Renren's accounting scandal and high-profile resignation in their stride, making for a strong trading debut after the company's $743 million US IPO.

China's internet industry has become a darling with investors in the US, but the risks involved in buying these companies are hard to ignore.

21Vianet raises $195 million after pricing its US IPO 25% above the initial top of the range — and at 37 times estimated 2012 net earnings.

Renren sets the price range for its IPO at between $9 and $11, suggesting the company could raise up to $584 million.

The IPO of Renren.com, the largest social networking site in China, offers investors the opportunity to buy into the world's most populous internet market, where social networks are highly regarded.