Focus Media To Offer 13.72M ADS - ResearchInChina

Date:2007-10-25liaoyan  Text Size:
Focus Media Holding Ltd. (Nasdaq: FMCN) filed with the SEC on October 24 to offer a total of 13.72 million American depositary shares (ADS). Five million of the ADS will be offered by Focus Media while 8.72 million will be offered by selling shareholders. Based on the price of Focus Media's ADS on Wednesday, the company could raise US$287.35 million through the offering. Citigroup Global Markets Inc., Credit Suisse and Merrill Lynch & Co. are joint bookrunners for the deal joined by CIBC World Markets and Piper Jaffray as co-managers.
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