VisionChina Files For US$100M IPO
CIBC World Markets, Credit Suisse, Merrill Lynch, Piper Jaffray, VisionChina, media
Posted by:
Megan Ko on Nov 09, 2007 | 20:11
Editorial Summary
Out-of-home advertising network VisionChina Media Inc. filed with the U.S. Securities and Exchange Commission on November 9 to raise as much as US$100 million in an initial public offering (IPO) of American depositary shares. Credit Suisse, Merrill Lynch & Co, CIBC World Markets, and Piper Jaffray are underwriting the IPO. VisionChina became profitable in 2007, generating a net income of US$3.7 million dollars in the first nine months of 2007. VisionChina uses real-time mobile digital TV broadcasts to provide content and advertising on mass transit systems in China. The company began operations on April 8, 2005.
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Posted by:
jglsx on Nov 20, 07 | 2:57 pm
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