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CAPITAL RAISING  [more in CAPITAL RAISING]

Focus Media To Raise $872M 

CIBC World Markets, Citigroup, Credit Suisse, FMCN, Focus Media, Merrill Lynch, Piper Jaffray, SEC

Posted by: Megan Ko on Oct 25, 2007 | 20:10

Editorial Summary

China's biggest out of home advertising network, Focus Media Holding Ltd. (Nasdaq: FMCN), plans to raise up to US$872 million via the sale of 13.72 million American depositary shares (ADS), according to a Focus Media filing. Focus will offer five million ADSs to finance acquisitions and general corporate expenses and 8.72 million will come from existing shareholders. Citigroup Global Markets Inc., Credit Suisse and Merrill Lynch & Co. are joint bookrunners on the sale. CIBC World Markets and Piper Jaffray are listed as co-managers.



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Keywords in this article:
CIBC World Markets, Citigroup, Credit Suisse, FMCN, Focus Media, Merrill Lynch, Piper Jaffray, SEC

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