VisionChina: Fast-growing ad network looks for US IPO dollars

Posted Nov 12th 2007 10:05AM by Tom Taulli
Filed under: China, Merrill Lynch (MER), Yum Brands (YUM), Initial Public Offerings

Last week, AirMedia (NASDAQ: AMCN) scored big on its IPO debut – despite a tough market environment. The company operates the largest ad network for the travel industry in China (such as for airports and airliners).

Well, now investors will get another bite at the apple. That is, VisionChina has filed for an IPO.

The company operates the largest out-of-home ad network that uses real-time digital TV broadcasts in mass transit systems (primarily busses). There is coverage in 14 cities in China, with roughly 33,000 digital TV displays.

VisionChina has snagged more than 230 sponsors, which include biggies like Yum! Brands (NYSE: YUM), Guangxi Wuzhou Pharmaceutical Group, and Nice Group.

The company launched its services in April 2005. Since then, revenues have surged – reaching $17.4 million for the first nine months of 2007. Net income is about $3.7 million.

The lead underwriters on the IPO include Credit Suisse (NYSE: CS) and Merrill Lynch (NYSE: MER). The proposed ticker symbol is "VISN."

You can find the prospectus at the SEC website. And, to check out other recent IPO activity, visit DealProfiles.com.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.

Tags: amcn, cs, IPOs, mer, VisionChina, VISN, yum

Print this

Reader Comments (Page 1 of 1)

11-12-2007 @ 4:56PM

CRAIG said...

We hear a lot about China lately and they are growing both economically and financially, I notice everytime I go to the store because I look on the item to see where it's made and I'm amazed at how many items come from China,Taiwan, and Korea.Now VisionChina has come into the picture and if you want some serious cash to invest with them go to www.earnyourrealworth.biz and get going with this simple automated system that works 24/7 for you while you look for the right market to put your profits and earn more return what a good thing !Vision China is definitely going to be one to watch