Focus Media Ad Subsidiary Files for IPO
Focus Media Press Release, 9/19/08
Chinese multi-platform digital media company Focus Media (Nasdaq: FMCN) today announced online advertising subsidiary Allyes Online Media Holding Ltd, has confidentially submitted to the U.S. Securities and Exchange Commission a draft registration statement for a proposed IPO.
The IPO is expected to commence as market conditions permit. The number and dollar amount of ADSs proposed to be offered and sold have not yet been determined.
Keywords: Allyes FMCN Focus Media Internet IPO ADS online advertising out-of-home display SEC
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