Kaixin, a leading social network in China, will be going for IPO in the U.S. in two months, said an investment banking source.

“They have finished every procedures. They are ready to go,” said the source, “They have to.”

With their largest rival, Renren, listed in the New York Stock Exchange, it is just nature for Kaixin to want to has its initial public offering and raise a few hundred million of U.S. dollar, so as to remain in the game.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...