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Chinese film distributor Bona Film Group sets IPO terms

November 23, 2010

Bona Film Group Limited, a leading distributor of domestic films in China, announced terms for its IPO on Tuesday. The Beijing-based company plans to raise $94 million by offering 11.7 million ADSs shares at a price range of $7-$9. At the mid-point of the proposed range, Bona Film Group will command a market value of $470 million. Bona Film Group, which was founded in 2003 and booked $58 million in sales for the 12 months ended September 30, plans to list on the NASDAQ under the symbol BONA. BofA Merrill Lynch and J.P. Morgan are the lead underwriters on the deal, for which timing was not disclosed.