Went private in 2013. Shorts were on this until the last minute claiming the deal wouldn't close. Recent research report from UBS says the company is now preparing to go public in china at 3X the privatization value:
----------------------------------------------------------------------- Event: Focus Media plans share placement in preparation for IPO Sina News reported today that Focus Media, a digital media group in China, is planning a placement of 20% of existing shares to strategic investors and employees, in preparation for an IPO in the A-share market this year. The placement-implied market cap for Focus Media is RMB46bn, or approximately 3 times the valuation at privatisation in May2013. The news article indicated that market cap could reach RMB50bn at IPO. Currently, Jason Jiang is the largest shareholder of Focus Media with a 26.7% stake, while Carlyle/ Fosun/ Citic Capital/ other investors hold 19.7%/ 17.4%/ 9.9%/ 6.6% stake respectively
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