Firm Represents Focus Media in Largest Follow-on Offering by a China-based Issuer Listed Exclusively in the U.S.
01.10.08
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The Hong Kong office of the Firm represented Focus Media Holding Limited (“Focus Media”), the leading multi-platform digital media company in China, in its $888 million follow-on offering of 13,720,873 American depositary shares by Focus Media and certain selling shareholders. This offering represents the largest single follow-on offering by a China-based company listed exclusively in the United States. Focus Media’s ADSs are listed on the Nasdaq Global Market. The joint bookrunners for the offering were Citigroup, Credit Suisse and Merrill Lynch.
The Simpson Thacher team for the transaction included Chris Lin, Daniel Fertig, Yi Zhang, Caitlin Gall (Hong Kong – Corporate) and Wei Cui (Tax).