Focus Media targets $1b Hong Kong IPO - report
Chinese display advertising business Focus Media, which was taken private in last May by a consortium of private equity investors in conjunction with company management, is said to be working towards a $1 billion IPO in early 2015.
According to IFR Asia, the offering could even come before the end of 2014. Focus Media would be the first of the US-listed Chinese companies that have been privatized with the support of PE firms since...
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