Singaporean property digital advertiser Focus Media Network (FMSN.US) plans to raise US$25 million, and the IPO price is US$4 to 6

The Zhitong Finance App learned that Focus Media Network (FMSN.US), a digital advertising screen operator for commercial buildings in Singapore, submitted a listing application to the US Securities and Exchange Commission (SEC) on Wednesday to raise up to $25 million in an initial public offering (IPO). The company plans to issue 5 million shares and raise $25 million in the price range of $4 to $6 per share. Based on the median value of the proposed range, Focus Media Network's market capitalization would reach $100 million.

Focus Media Network operates a digital outdoor (DOOH) advertising network in Singapore. The core asset is digital screens in elevator lobbies of office and commercial buildings. The company was founded in 2005 and has more than 800 digital screens at more than 500 commercial locations, covering central business district offices, co-working spaces, business parks and retail destinations. Its revenue comes mainly from selling advertising on its digital and static assets, including LED screens, wall painting, and elevator film. Its ad slots can also be opened to advertisers through third-party programmatic DOOH platforms.

The Singapore-based company was founded in 2005 and had 12-month revenue of $4 million through March 31, 2026. The company plans to list on NASDAQ under the ticker FMSN. The application was secretly submitted by Focus Media Network on May 13, 2026. Kingswood Capital Markets is the sole bookkeeper for this offering.