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Airmedia Advertising eyes US$200 mln from IPO
click rate:2467 issue time:2007-03-10 08:12


Feb. 8, 2007 (China Knowledge) – Airmedia Advertising, a Mainland flat-screen advertising company, plans to raise about US$200 million from an IPO in Hong Kong or New York during the third quarter of 2007.


The company plans to award the IPO mandate to investment banks soon, sources told the South China Morning Post. Airmedia said that the company has plans to sell shares but declined to comment further.


Airmedia sells space to advertisers on flat-screen televisions located in 52 Mainland airports and on eight domestic airlines, including Air China <601111><753>, China Eastern Airlines <600115><CEA><670>, China Southern Airlines <600029><1055><ZNH> and Shanghai Airlines.