← Back to dashboard
QuantLogix · IPO Center
UPCOMING IPO

Focus Media Network Ltd (FMSN)

This company has not started trading yet. The live 5-factor QL signal switches on automatically on its first session.

About Focus Media Network Ltd

We are a well -established DOOH media company in Singapore. Founded in February 2005, we pioneered the concept of creating a sizeable network of digital screens at the elevator lobbies of office and commercial buildings in Singapore to sell advertising. Since our founding, we have built a significant and highly visible network of digital screens, supported by a core presence in the elevator lobbies of office and commercial buildings across Singapore.

From Focus Media Network Ltd's Form F-1 filed with the SEC on 2026-10-28. The issuer's own words — QuantLogix does not paraphrase it.

Headquarters
Singapore
Incorporated in
Cayman Islands
Fiscal year ends
March 31

The offering

Ticker
FMSN
Exchange
XNAS
Expected listing
To be announced
Expected price range
$4–$6
Deal size
$25M
gross proceeds
Shares offered
5,000,000
Share class
Consumer Services

Use of proceeds

We intend to use the net proceeds of this Offering as follows, after we complete the remittance process: • approximately 36% is expected to be used for expansion of screen network in Singapore; • approximately 28% is expected to be used for software purchase; • approximately 16% is expected to be used for establishing joint venture, merger and acquisition; • approximately 10% is expected to be used for strategic reserve for regional development; and • approximately 10% is expected to be used for working capital.

From Focus Media Network Ltd's Form F-1 filed with the SEC on 2026-10-28. Quoted from the prospectus.

Financials, as filed

The audited financial statements for this issuer are in its Form F-1 filed 2026-10-28. QuantLogix only publishes figures it can read directly from the filing.

Risks Focus Media Network Ltd flags in its own filing

The first 6 items of the issuer's “Summary of Risk Factors”, verbatim — the prospectus lists more. From Focus Media Network Ltd's Form F-1 filed with the SEC on 2026-10-28.

QL Listing Score — the prospectus, scored

45/100
Challenged · low confidence
The evolution of the private-company QL Score at the point of listing: four evidence pillars read deterministically from the registration statement — growth, revenue quality, technology and risk — weights frozen per version (v1.1.0), pillars with no evidence excluded and reweighted, never defaulted.
Growthno evidence — excluded
Revenue qualityno evidence — excluded
Technology41
technology-language density 1.6/10k words (lexical indicator, not a technical audit)
Risk47
material weakness in internal controls disclosed · issuer will be a "controlled company" under exchange rules · lighter-than-typical hedging language
Foundationno evidence — excluded
✓ No going-concern doubt⚠ Material weakness in controls✓ Single share class✓ No customer-concentration flag◆ Emerging growth company (reduced disclosure)

From Focus Media Network Ltd's Form F-1 filed with the SEC on 2026-10-28. Extraction is deterministic — the same filing always produces the same score; 292k characters of the document were scanned. Technology signals are lexical indicators, not a technical audit. Not investment advice; the debut itself will be this score's first grade.

Deal terms come from the public IPO calendar and change up to pricing — an expected date reads “to be announced” until the underwriters set it, and a range is not a final price. Implied market cap and float are arithmetic on those disclosed terms. Nothing on this page is a forecast or a recommendation.

Full IPO calendar → ⭐ Track FMSN — first-signal alert on listing day Pre-IPO universe →