CHINESE FIRMS BUILD IN US IPO CALENDAR.(Calendar)

BEIJING, China -- The following information was released by the China Venture Capital Association (CVCA):

Source: www.RenaissanceCapital.com

With much of the attention this week focused on the roughly $700 million US stock market debut of China's leading social network Renren (RENN), three more Chinese companies kicked off their IPO roadshows last week with pricing for all three slated for the week of May 9. Mobile Internet security software provider NetQin Mobile (NQ), yet another China-based issuer, also hopes to complete a $75 million IPO this week.

This Week's Chinese IPOs: All Eyes On Renren

Renren (RENN)

Having increased the price range for its IPO by 30% last Friday, Renren has already received tremendous interest from US investors in what is shaping up to be the largest US offering by a Chinese Internet company. Founded in 2002 and backed by Softbank, Doll Capital and General Atlantic, Renren is one of the largest social networks in China with 117 million registered users. While an update to its reported active monthly user statistic in an amended filing late last week has been met with much criticism, the company is still experiencing rapid growth in its user base and big things are expected of its newly launched Groupon-like service.

Renren currently plans to issue 53.1 million ADSs at a range of $12-$14 (vs. an initial filing range of $9-$11). Including a $110 million planned private placement, Renren stands to raise upwards of $800 million. The company plans to trade this week on the NYSE under the symbol RENN. Morgan Stanley, Deutsche Bank, Credit Suisse, BofA Merrill Lynch and Jefferies and Co. are serving as the IPO bookrunners. At the midpoint of its $12-$14 range, Renren will command a market value of $5.4 billion.

NetQin Mobile (NQ)

While much smaller than Renren, China-based NetQin also plans to make its US stock market debut this week, hoping to raise $75 million by selling 7.1 million ADSs at a price of $9.50 to $11.50. The company, which is backed by two Beijing-based venture firms and Sequoia Capital, provides mobile security services such as anti-malware and spam filtering. NetQin claims more than 30 million active monthly users, two-thirds of which are in China. NetQin was founded in 2005 and booked $18 million in sales in 2010, up from $5 million in 2009.

NetQin also expects to trade this week on the NYSE under the symbol NQ. Piper Jaffray, Oppenheimer and Co and Canaccord Genuity are underwriting the IPO. At the midpoint of its proposed range, NetQin Mobile will command a market value of $498 million.

Three New Chinese IPOs Kick Off US IPO Roadshows for Pricing Week of May 9:

China Zenix Auto International (ZX)

China Zenix Auto International Limited, a leading China-based manufacturer of commercial vehicle wheels for OEMs and the aftermarket, set pricing terms last week. The Zhangzhou-based company plans to raise $135 million by offering 12.9 million ADSs at a price range of $9.50 to $11.50. China Zenix, which was founded in 2003, booked $485 million in sales in 2010, up 50% from 2009. Net income rose 79% to $50 million.

China Zenix plans to list on the NYSE under the symbol ZX. Morgan Stanley, William Blair and Oppenheimer and Co. are underwriting the IPO. At the midpoint of its proposed range, China Zenix will command a market value of $542 million.

Jiayuan.com International (DATE)

Jiayuan.com International Ltd., China's largest online dating site with over 40 million registered users, also announced terms for its IPO last week. The Beijing, China-based company plans to raise $78 million by offering 7.1 million ADSs at a price range of $10 to $12. Jiayuan.com, which was founded in 2003, booked $25 million in sales in 2010, up from $10 million in 2009.

Jiayuan.com plans to list on the NASDAQ under the symbol DATE. BofA Merrill Lynch, Citi, CICC, Oppenheimer and Co and Stifel Nicolaus Weisel are underwriting the IPO. At the mid-point of the proposed range, Jiayuan.com will have a market value of $348 million.

Phoenix New Media Limited (FENG)

Phoenix New Media Limited, an integrated platform enabling users to access news on the Internet and through mobile devices, set terms for its IPO last Wednesday. The Beijing, China-based company plans to raise $166 million by offering 12.8 million ADSs at a price range of $12 to $14. Phoenix New Media Limited, which was founded in 2000, booked $80 million in sales in 2010, up from $40 million in 2009.

Phoenix New Media plans to list on the NYSE under the symbol FENG. Morgan Stanley, Deutsche Bank Securities, Macquarie Capital, Cowen and Company and CICC are underwriting the IPO. At the mid-point of the proposed range, Jiayuan.com will have a market value just over $1 billion.