The largest digital media network in China dedicated to air travel advertising, AirMedia, priced its 15 million share offering Tuesday night at $15.00, a 15% premium to the midpoint of its proposed $12.00 to $14.00 range. The company plans to use the proceeds for acquisitions and network growth. Of the 15 million shares, 3.25 million shares were sold by insiders. Morgan Stanley and Lehman Brothers were the joint book runners on the deal, and the stock is expected to begin trading on the NASDAQ under the ticker symbol "AMCN" on Wednesday.
