So far, the offer does not attract enough investors. Definitely Chen do not like to see SoFi IPO. Hence we will see what happens in the next month.
If you want money now you can sell now. Or wait until something happens, or later sell to RENN at $4.20 but that will take some time. If you don't need money now you can wait.
RENN proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by Mr. Chen or Mr. Liu for US$4.20 in cash per American depositary share ("ADS"), or US$1.40 per ordinary share, which represents approximately 22% above the average closing price of the Company's ADSs over the last 30 trading days up to and including June 9, 2015.
classik_ill • May 25, 2015 11:58 PM
The price spike on volume out of nowhere, only for it to dump back down to reality has happened several times in the past years. Feel free to buy at the peak and watch it freefall. I don't give a $hit if you lose money.
=== your party is over, loser
Yes, from March. SOFI plans process IPO in 2nd Q and go in 3rd Q....
(Bloomberg) -- Social Finance Inc., the online-lending platform known as SoFi, is planning an initial public offering that would value the company at $3.5 billion, people with knowledge of the matter said, almost triple what it received in a recent funding round.. RENN owns 27% of the stake SOFI.
The Chinese social-networking company Renren Inc.RENN +3.97% has led a $70 million investment in another financial tech venture, this one a provider of peer-to-peer mortgages, LendingHome.
As Wall Street Journal reported, Renren has invested hundreds of millions of dollars into financial-tech startups, including SocialFinance Inc. for student loans and Fundrise LLC for equity investments in commercial real estate.
See Nasdaq: http://www.nasdaq.com/symbol/renn/real-time
hicksgreg65 • Mar 3, 2015 3:31 PM Flag
Hasnt been in years on renn, not once, sorry but this is just a fact
This fool really knows when to short RENN at the bottom, sad
A little mouse told me
by hicksgreg65 • Mar 3, 2015 10:35 AM Flag
If your buy renn you are stupid!!!!
Hicksbitch65, are you stupid?