Clendenin on Renren IPO

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May 4 (Bloomberg) -- Michael Clendenin, managing director at consultants RedTech Advisers in Shanghai, talks about an initial U.S. share sale by Renren Inc. Renren, which leads Chinese social-networking websites by page views, is seeking a valuation more than double that of Facebook Inc. in an initial public offering to raise as much as $743.4 million. Clendenin speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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