Focus Media targets year-end $1bn HK listing

The deal could open the floodgates for the initial public offerings of take-private Chinese companies.

Focus Media targets year-end $1bn HK listing

Focus Media is looking to list in Hong Kong to raise at least $1 billion as soon as the end of this year, according to sources familiar with the situation.

The size of the IPO could even be “much larger” given the company is growing at a fast pace and its valuation will increase accordingly, said one source.

Focus Media, China’s largest out-of-home advertising network operator, has posted an annual growth rate...

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