Media Industry's Largest Ipo Start: Phoenix Media Intends To Issue 500 Million A Shares

Yesterday, Jiangsu Phoenix Publishing & Media Limited prospectus issued notice to be issued not more than 50,900 million Class A shares

. This is not only the Sixth Plenary Session, ugg bailey bootsthe culture media plates officially launched the first company to IPO, while the success of the Phoenix media market, the A shares will become the leading culture media plates. According to the National Bureau of Statistics of China Industrial Information Release Center published data, Jiangsu Phoenix Publishing Group column 500 in 2008, China's largest enterprise groups in the first 398 in the national press and publishing industry ranked first. In 2010, Phoenix Publishing House under the media audio books and electronic publications, more than 10,000 species, more than 4 billion total Mayang, varieties and Mayang are publishing is an industry leader. Meanwhile, the company is the largest book publishing companies, book publishing in 2010 the total number of more than 400,000 kinds of varieties, ugg dakota slippersthe total Mayang than 50 billion. As of 2010, the company has 19 consecutive years to maintain the size of the first national book distribution. Phoenix media yesterday published the prospectus, the proposed initial public offering of more than 50,900 shares, representing the company's total share capital after the release of 20%. The company offering to raise funds will be used to physical network building, education books complex publishing projects, information technology and e-commerce-building. Phoenix Media 2010 revenue $ 5.4 billion, net profit of 663 million yuan; first half of 2011, the company achieved operating income of 3.035 billion yuan, net profit of $ 327 million. As the first national-scale publishing company, ugg boots classic tallaccording to the current capital markets, giving the media valuations, the Phoenix media market after the listing of more than billion, the largest member of the media sector. October 26, "the CPC Central Committee on deepening reform of cultural system to promote development and prosperity of socialist culture and a number of important issues" release, officially proposed to promote the cultural industry a pillar industry of national economy, expanding consumer market, popular culture, cultural guide enterprises to invest in building more suited to the needs of the mass culture of consumer sites. Before and after, ugg classic shortculture media plates become hot pursuit of the capital market.Citigroup initiated in June this year, EMI auction process. The industry was initially not optimistic about the Universal Music Group and Sony Music. Prior to the sources, private equity firms KKR and German media group Bertelsmann consortium at EMI music publishing business is leading the bid, Warner Music EMI Music is the most powerful business bidders. The auction also need to obtain regulatory approval. As part of the deal, ugg boots free shippingVivendi could also sell about 500 million euros ($ 682 million) in non-core businesses of Universal Music to appease shareholders. Regulators may take 10 to 20 months to final approval of the transaction.

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