China Mass Media International (CMM) Sees IPO Price of $5.20-$7.20
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China Mass Media International Advertising Corp. (NYSE: CMM) has filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 216,375,000 shares (14,425,000 American Depositary Shares) and expects the offering price to be between $5.20-$7.20 per share. The Company plans to list on the NYSE under the symbol "CMM".
The offering is being made through Merrill Lynch, BMO Capital and Oppenheimer.
China Mass Media is an independent television advertising company in China. The company provides a full range of integrated television advertising services, including advertising agency services, special events services to China Central Television, or CCTV, and production and sponsorship services.
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