Taomee Holdings Limited, one of the leading children's entertainment and media companies in China, announced terms for its IPO on Tuesday. The Shanghai, China-based company plans to raise $72 million by offering 7.2 million ADSs at a price range of $9 to $11. At the mid-point of the proposed range, Taomee Holdings Limited will command a market value of $362 million. Taomee Holdings Limited, which was founded in 2007 and booked $36 million in sales for the 12 months ended December 31, 2010, plans to list on the NYSE under the symbol TAOM. Credit Suisse and Deutsche Bank Securities are the lead underwriters on the deal.
