RenRen (RENN) - 3 months after the IPO

RenRen (人人网, translation: Everyone’s Network)
First day of trading : May 4, 11
Offer price: $??
First day open:  $19.50
First day close:  $18.01


------- 3 months later -------
Aug 5, 11:   close $7.62;  3-month performance (since first day's close): -58%