Renren's IPO gathers the energy of bubble: will the valuation be the end or the beginning of reshuffling?

CEO Yi Zhou Chen will hold approximately 270 million common shares, with a holding ratio of 22.8%, becoming the largest individual shareholder, and holds about 55.9% of voting rights; his absolute control over Renren is unquestionable. Renren has become the first stock of global social websites, and Yi Zhou Chen exclaimed: "I have a feeling of release." But whether Renren is overvalued, whether it triggers an Internet bubble, all still remains to be seen.