Monday, June 24, 2024

China’s Timeshare Media plans US listing – report

BEIJING (XFN-ASIA) – Timeshare Media, a China outdoor advertisement agency, is planning a US listing, China Business News reported citing sources from the potential IPO underwriters.

The report quoted UBS and Morgan Stanley sources as saying that they are in talks with Timeshare Media for the underwriting mandate.

Timeshare Media received venture capital of 20 mln usd from Carlyle Group in November and is expected to raise another 30 mln this year in another round of funding from Carlyle.

(1 usd = 7.62 yuan)

Sam Allcock
Sam Allcock
Sam heads up Cheshire-based PR Fire, an online platform that has already helped over 10,000 businesses to grab widespread media coverage on their news at an extremely accessible price point.

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