Phoenix new media applications for financing of U.S. $ 200,000,000 to be listed

Phoenix new media company in China to the United States Securities and Exchange Commission on Thursday to submit a listing application, the proposed initial public offering (IPO) worth up to 2 billion dollars in American Depositary Receipts (ADSs).

Phoenix is headquartered in new media began in the Chinese television network in Hong Kong Phoenix Satellite TV. The company said plans to the New York Stock Exchange under the ticker symbol "FENG".

The IPO funds raised will be used for content creation, technical inputs and marketing, but the company did not disclose the number of plans to sell depositary receipts.

Phoenix New Media, said the IPO's lead underwriters include Morgan Stanley, Deutsche Bank Securities and Macquarie Capital USA. Phoenix New Media's total revenue in 2010 was 8,010 million. (End)

Compile: Jin Yiwen Issued: Section Xiaodong

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