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China Century Dragon Media prices IPO at $5.25, as expected

February 8, 2011
CDM

China Century Dragon Media, a TV advertising company in China that resells ad time on China Central Television, raised $6 million by offering 1.2 million shares at $5.25, as outlined in its most recent SEC amendment. The company had originally filed in May 2010 to offer 2.5 million shares at a range of $3 to $4 ($9 million deal size). China Century Dragon Media plans to list on the NYSE under the symbol CDM. WestPark Capital and i-Bankers Securities acted as lead managers on the deal. Due to the revised pricing, which set the company's market value below $50 million, China Century Dragon Media will not be included in our IPO statistics.