Target Media joins rival in Nasdaq chase

"Target Media, the second-largest liquid crystal display advertising firm in the mainland, is seeking to raise US$150 million (HK$1.17 billion) from an initial public offering on the Nasdaq amid plans for expansion.
Target Media's listing plan comes after major rival Focus Media announced its overseas listing plan last month. Some mainland outdoor media companies such as MediaNation, which is being acquired by France's JCDecaux Pearl & Dean, and Clear Media, are already listed in Hong Kong."

[The Standard]

Only a 2 year old venture, Company is already planning an IPO. Carlyle invested $15M in August of last year.

Focus Media is going out soon. Goldman and CSFB are taking them out according to Marketwatch:

"Focus Media plans to offer 10.1 million shares at $14 to $16 each in a bid to raise $152 million with underwriters Goldman Sachs and CS First Boston.

The Shanghai-based operator of an out-of-home TV advertising network plans to trade American depositary receipts on Nasdaq under "FMCN."