NEW YORK, NY--(Marketwire - Feb 6, 2012) - Shares of recently IPO'd technology and social networking companies skyrocketed last week following Facebook's long-awaited IPO filing. TheNew York Times believes that it is "not entirely clear" what's behind the stock jumps of Facebook's peers, "other than investor excitement in Internet companies in general." Five Star Equities examines the outlook for companies in the Technology Sector and provides equity research on Renren, Inc. (NYSE: [ RENN ]) and Groupon, Inc. (NASDAQ: [ GRPN ]). Access to the full company reports can be found at:

[ www.fivestarequities.com/RENN ]

[ www.fivestarequities.com/GRPN ]

Last week Facebook filed documents for its initial public offering. Analysts say the initial offer will raise about $5 billion in the first go around, making it one of the biggest in recent history. "Will Facebook's IPO be the biggest IPO in American history? Probably not, but it will certainly be by far the biggest Internet or technology IPO we've ever seen," says David Kirkpatrick, author of The Facebook Effect. As reported in MarketWatch, Facebook's IPO is expected to be the biggest public trading debut for an Internet company since 2004 when Google went public in a $1.7 billion offering.

Facebook's IPO would rank among the top 10 biggest overall in U.S. history of U.S.-based companies, according to S&P Capital IQ.

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Shares of Renren jumped more than 8 percent following Facebook's announcement. Renren Inc. operates a social networking Internet platform in China. Facebook said it continued to "evaluate entering China" -- the world's largest Internet market and a huge dark spot on Facebook's global map. Facebook is presently blocked in China.

It is estimated that 269 million Internet users in China were registered at Social Network sites by the end of 2011, according to China's market research firm Analysys International.

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