Singapore building digital advertiser Focus Media Network (FMSN.US) plans to raise US$25 million, IPO priced at US$4 to US$6.

Focus Media Network (FMSN.US), a Singapore-based operator of digital advertising screens in commercial buildings, filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday for an initial public offering (IPO) to raise up to US$25 million. The company plans to offer 5 million shares at a price range of US$4 to US$6 per share to raise US$25 million. At the midpoint of the proposed range, Focus Media Network would have a market value of US$100 million. Focus Media Network operates a digital out-of-home (DOOH) advertising network in Singapore, with its core assets being digital screens in the elevator lobbies of office and commercial buildings. Founded in 2005, the company has more than 800 digital screens across over 500 commercial building locations, covering offices in the central business district, co-working spaces, business parks and retail destinations. Its revenue comes primarily from selling advertising on its digital and static assets, including LED screens, wall murals and elevator decals. Its advertising inventory is also available to advertisers through third-party programmatic DOOH platforms. The Singapore-headquartered company was founded in 2005 and had revenue of US$4 million for the 12 months ended March 31, 2026. The company plans to list on Nasdaq under the ticker symbol FMSN. Focus Media Network confidentially filed on May 13, 2026. Kingswood Capital Markets is the sole bookrunner for the offering.