TULIP MEGA MEDIA TO LIST ON NASDAQ IN EARLY 2008
AsiaInfo Services, June, 2007
AsiaInfo Services 06-07-2007 Tulip Mega Media to List on Nasdaq in Early 2008 SHANGHAI, Jun 07, 2007 (SinoCast via COMTEX) -- Shanghai-based Tulip Mega Media, a specialist in outdoor large LED (light-emitting diode) screen advertising, is expected to list on Nasdaq Stock Market at the beginning of 2008 to raise USD 200 million in total, confirmed itself on June 5, 2007. The company got nearly USD 70 million in the just-finished third round of fundraising, including CNY 50 million from JC Decaux, the world's second largest outdoor advertising giant, and USD 30 million from Credit Suisse, a global leading financial services provider who is said to be likely to be the lead underwriter of its listing. The Chinese company marched into the LED screen adverting sector in...
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