Renren, China's biggest social- networking website, has surged 29 percent on the New York Stock Exchange, after raising 743.4 million US dollars in its initial public offering.
Renren is the first social-networking site to go public in the U.S.
Renren has sold some 53 million American depositary receipts at 14 US dollars each, the high end of the proposed range.
The shares have risen from just over 4 US dollars a share to just over 18 US dollars.
At one point Renren shares reached 24 US dollars.
The influx of cash has now pushed the company's market value above 8 billion US dollars.
Meanwhile, Sina and Sohu.com have fallen in New York, following their biggest drop in at some 19 months Wednesday.
Investors are said to be worried that gains in those Chinese Internet companies will slow as investors add shares of Renren to their portfolios.
