Investor FAQs
How and when was Renren established?
Our current holding company, Renren Inc., was incorporated in February 2006 in the Cayman Islands under our prior name, Oak Pacific Interactive. We began our operations in China in 2002 through a company that subsequently became one of our consolidated affiliated entities through contractual arrangements.
What stock exchange does Renren trade on and what is its ticker symbol?
Renren is traded on the New York Stock Exchange under the ticker symbol RENN.
Which is Renren's Depositary Bank?
Renren's Depositary Bank is Citibank N.A
Why was I charged an “American Depository Receipt Fee” on my brokerage statement? What is it for? When and how often will I be charged this fee?
It is an annual depositary service fee Citi ADR charges RENN ADR shareholders each year. The fee is charged in March each year. A shareholder will be charged at USD2.00 per every 100 ADRs they hold on a cut-off day in March. The fee is stated in F6 form in SEC website filed by RENN.
Is the company considered foreign or domestic?
The company is a foreign private issuer.
When did Renren go public?
Renren went public on May 4, 2011.
What is the ADS to ordinary share ratio?
One (1) ADS represents forty-five (45) ordinary shares.
Has this ratio ever changed? If so, when and how?
Renren changed the ratio of its American depositary shares ("ADSs") from (1) ADS to three (3) Class A ordinary shares to one (1) ADS to fifteen (15) Class A ordinary shares, taking effect on February 6, 2017.
Renren changed the ratio of its American depositary shares ("ADSs") from (1) ADS to fifteen (15) Class A ordinary shares to one (1) ADS to forty-five (45) Class A ordinary shares, taking effect on January 9, 2020.
Renren changed the ratio of its American depositary shares ("ADSs") from (1) ADS to fifteen (15) Class A ordinary shares to one (1) ADS to forty-five (45) Class A ordinary shares, taking effect on January 9, 2020.
When does Renren's fiscal year end?
Renren's fiscal year ends December 31.
How is Renren's market capitalization calculated?
The market capitalization is calculated as the ADS price times the total number of ADS. Each ADS represents 45 common shares. As of December 31, 2020, there are in total 1,062 million ordinary class A and B shares issued and outstanding, which are equivalent to 23.6 million ADS at the 1:45 ratio.
Who are Renren's independent accountants?
Renren’s independent auditor is Marcum Bernstein & Pinchuk LLP.
What are Renren’s main businesses?
Renren’s main businesses are SaaS (software as a service.) business in the United States, which generates revenue from subscription services and advertising services.
Who are Renren’s largest shareholders?
Renren’s top two shareholders are Softbank, and Chairman & CEO Joseph Chen. As of March 31, 2021 per our 2020 Form 20-F, Mr. Joseph Chen, our founder, chairman and chief executive officer, beneficially owned approximately 25.0% of our outstanding Class A ordinary shares and approximately 55.8% of our outstanding Class B ordinary shares, representing in aggregate 48.9% of our total voting power, and SoftBank Group Capital Limited owned approximately 34.9% of our outstanding Class A ordinary shares and approximately 44.2% of our outstanding Class B ordinary shares, representing in aggregate 42.3% of our total voting power.