Focus Media (FMCN) Announces Subsidiary, Allyes Online Media, has Submitted Draft Registration Statement for IPO
More News related to FMCN
- Beacon Equity Issues Technical Trade Alerts on Advertising Agency Stocks: MWW, VCLK, IPG, FMCN, OMC, XFML
- Notable Analyst Rating Changes 11/12: BBBY, PAG, ROK Upgraded; EGLE, FMCN, BRCM Downgraded
- Deutsche Bank Downgrades Focus Media (FMCN) to Hold
- Sterne Agee Downgrades Focus Media (FMCN) to Hold
- Unusual 11 Mid-Day Movers 11/11: OPTR, TMA, HQS, HZO Higher; GGP, DSL, SGMO, GNW Lower
More News related to Corporate News
- After-Hours Movers 12/01: Palm (PALM), Mosaic (MOS) Lower on Guidance
- Trading Radar for 12/02: Staples (SPLS), Marvell (MRVL), Solarfun (SOLF), Beazer (BZH), Sears (SHLD) Report; Auto/Truck Sales for Nov. Due
- Unusual 11 Mid-Day Movers 12/01: MNT, PSUN, ALD, PGI Higher; PPC, MTL, EXM, LIZ Lower
- Notable Analyst Rating Changes 12/01: PRU, TOL, DO, WLP Upgraded; SNP, LTD, COG, ADM Downgraded
- Notable Mergers and Acquisitions of the Day 12/01: JNJ/MNT, AIG, F, FFH
Focus Media Holding Limited (Nasdaq: FMCN) today announced its wholly owned subsidiary Allyes Online Media Holding Ltd., a company that operates its internet advertising business, has submitted on a confidential basis to the U.S. SEC a draft registration statement for a proposed IPO of ADSs representing ordinary shares of Allyes. The purpose of the IPO, if completed, is to provide Allyes with greater flexibility in developing its leadership in the internet advertising market in China.
Focus Media Holding Limited operates out-of-home advertising network using audiovisual digital displays in the People's Republic of China.
Related Categories
Corporate NewsIPOs
Stocks Mentioned
-0.26Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
