4 9th message, according to foreign media reports, the famous social networking site kaixinwang (Kaixin001.com) intends to market in America, and it has hired Citigroup and JP Morgan acted as the IPO offering underwriters. After the odd Tiger 360 have been successfully listed on March 30, and in the rally on the first day of listing 135%, network interconnection is queued in the Qin and century IPO. Domestic industry will set off a round of Internet listing tide.
last October, kaixinwang Cheng Binghao, the founder has made to the listing of positions, he said the listing is very important aspect in the coming “ not too long time ” kaixinwang must be on the market. It is understood that the current kaixinwang may have exceeded 100 million registered users, according to official data, as of August 2010, it has more than 86 million registered users, log in more than 50 million active users per month on average. With such a large number of registered users and the number of active users, kaixinwang listed is not a surprise move in 2011.
2010 years of kaixinwang income of around $ 300 million, major sources of income include advertising, user value-added services and third party components, operation, the total online advertising revenues of about 80%. Cheng Binghao said, kaixinwang has been removed from the second quarter of 2010 to achieve scale profits, profits exceeding $ 10 million each month.
kaixinwang has been called the Chinese version of Facebook, has a large number of users in the country. When back in February, according to insiders, and kaixinwang as famous all networks (Renren.com) hired Morgan Stanley, Switzerland Credit Suisse Bank and Deutsche Bank for its IPO listing provides consultancy services, all networks plans IPO to raise about 500 million dollars of funding to meet the needs of business expansion plan.
however, industry insiders said, kaixinwang was the rage, today met with a certain loss of user distress. Select listing in America at this time, and overseas capital of relatively warm environment. Before listing on the outgoing message, kaixinwang have been two rounds of venture capital, northern lights ventures has invested $ 4 million, then dominated by Qiming Venture capital investment in the kaixinwang of us $ 20 million.
