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)

susan.wang@xfn.com