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Chinese digital media network provider AirMedia announces terms

October 24, 2007

AirMedia, the largest digital media network in China dedicated to air travel advertising, filed terms with the SEC Wednesday for its upcoming IPO. The company plans to offer 15 million ADRs, including 3.3 million ADRs from selling shareholders, at a price range of $9 to $11 per share. Morgan Stanley and Lehman Brothers are the joint book runners on the deal.