Jun 09, 2011

RenRen market cap $4 Billion a typo?

So I was browsing stocks on yahoo/bloomberg and when I came across Renren I noticed that for some reason, the market capitalization is shown to be about $4 Billion?

Is that a typo? Or maybe the market cap is in different currency (yuan instead of dollar) but their share price is quoted in USD about $10.

I know I must be reading it wrong, please tell me what is it really saying when it says renren market cap is $4 billion.

Thanks

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5 Comments

DontMakeMeShortYou

15y

http://www.google.com/finance?q=NYSE%3ARENN

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Independent Gestion

15y

Why would it be a typo? Share price closed at 9.17 with ~ 392 million shares outstanding, vis a vis 3.6ish B market cap. It's just multiplication my friend.

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‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."

Tracer

15y

Independent GestionWhy would it be a typo? Share price closed at 9.17 with ~ 392 million shares outstanding, vis a vis 3.6ish B market cap. It's just multiplication my friend.

I think he thinks it's a type-o because the stock is currently trading at 45x ttm SALES. And that's after falling 50% since its reverse merger.

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zeropower

15y

The curious case of the tech bubble, 2.0. With Chinese crap leading the way.

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GotBushels

15y

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RenRen market cap $4 Billion a typo?

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RenRen market cap $4 Billion a typo?

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