Facebook IPO to the public (IPO) of the company was also profitable social media pages from China. Their share prices soared in trading on the New York Stock Exchange.
According to The Wall Street Journal, China's social networking site, Renren listed on Wall Street rose 33 percent to U.S. $ 5.47 per share in the transaction Thursday afternoon local time. Besides Sina Corp's stock price., Who runs Weibo micro blog page, up 13 percent to U.S. $ 70.27 per share.
Managing China's social media pages that claim they took sustenance from the news splashed Facebook IPO this week, the targeted revenue of U.S. $ 5 billion. Facebook will be asked to be a successful debut with the largest value of the shares sold in history.
"The Impact of Facebook on the Chinese Internet companies have begun," said Sina Financial Director, Herman Yu. "The success of Facebook IPO will further increase investor interest in social networking, and other potential leaders of related categories such as an open platform, social advertising and e-commerce," he continued.
Online video company executives Tudou Holding, Gary Wang, said he hoped the IPO would distract facebook more to China. "The market has set the IPO up in a long time," said Wang.
"I hope they will be running a successful IPO and has a good performance after the IPO, the market will be seen that many great companies out there, including Chinese internet company," he continued.
According to Reuters, this IPO can boost the value of assets up to U.S. $ 100 billion. That's what investors are excited by the prospect of business social media pages on China, taking advantage of the momentum magnitude of the public and the media spotlight on Facebook IPO. They see China's largest market to save as much as hundreds of millions of Internet users.
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