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Redgate Media (RGM) |


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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals LogMeIn Invesco Mortgage Capital Medidata Chemspec |
Redgate Media (RGM) (NASDAQ:RGM) is a Chinese advertising agency that specializes in integrated media, allowing advertisers to use multiple channels and targeting high net income individuals. It has a market reach of 226 million, including the metropolitans Beijing and Shanghai. Some of the major clients are Mercedes Benz, SAP, Intel, and Samsung. Since October 2007, the company has been growing through acquisitions. For example, in July 2008, it acquired internet advertising service Dianguang for $700,000. [1]
Advertising is highly sensitive to the economic conditions. Due to the fact that companies reduce its expenses during down economies, advertising expenses are one of the first places to be cut. Therefore Redgate Media's revenues can be adversely affected based on the economic conditions. [1]
The company's initial public offering of stock filed on the NASDAQ exchange on 19 February 2010. The proposed offer price range is $6.00-$8.00. The company is offering 5.5 million shares and raising $38.5 million. [1]
For the nine months ended 30 September 2009, the company reported $18.3 million in net revenue, up 258.8% from $5.1 million in net revenue for nine months ended 30 September 2008. Furthermore, the company reports a net loss of $.1 million for the nine months ended 30 September 2009, an increase from $5.9 million net loss for the nine months ended 30 September 2008. The top four client categories based on revenue are automotive, information technologies, electronics and consumer products. [1]
ReferencesCategories: Topic | IPO | NASDAQ | Services



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