AirMedia Group is the largest digital media network in China dedicated to air travel advertising. AirMedia Group has 1,800 digital screens in airports and place programs on over 16,000 digital screens on airplanes. The digital screens are currently located in 37 airports in China, including the five largest airports, Beijing Capital International Airport, Shanghai Pudong International Airport, Guangzhou Baiyun International Airport, Shanghai Hongqiao International Airport and Shenzhen International Airport.

Website: http://www.airmedia.net.cn

IPO Filling Information:
Chairman and CEO: Herman Man Guo
CFO: Conor Chiahung Yang
Shares Offered: 15,000,000
Proposed Symbol: AMCN (Nasdaq)
Proposed Offer Price: $9.00 - $11.00
Underwriters: Morgan Stanley, Lehman Brothers, CIBC World Markets and Susquehanna Financial Group

The markets are suffering from credit turmoils and oil price spikes. The investors are eagerly waiting for feds to act promptly for another rate cut to save their days. Nevertheless, the jewel of China’s stock market, one of the hottest and most-anticipated IPO’s since the arrival of Chinese search engine Baidu (BIDU), Alibaba Group (ALBB) is set to launch in Hong Kong on Nov. 6, 2007. The initial public offer of Alibaba is going to be under the symbol 1688, which also represents richness and good luck in Chinese.

Alibaba (ALBB) is a global e-commerce leader and the largest e-commerce company in China. It plans to raise as much as $1.5 billions after strong demands from investors around the world, and IPO price raised from the previous $10-$12 (HK) to $12-$13.50 (HK) per share.

How much higher can it go? All eyes will be on Nov. 6, 2007. The investors would clearly welcome a big return from another Chinese hot IPO.