CTC Media, Inc. (STS-Media)

Country: Russian Federation

Region: Europe

Price: 195 EUR

Description:

CTC Media, Inc. (spelled STS Media in Russian) is a leading independent media company in Russia. The Company owns and operates the CTC television network, the Domashny television network, and the DTV television network. CTC Media owns two TV content production companies: Costafilm and Soho Media, and operates Channel 31 in Kazakhstan and a TV company in Uzbekistan. The company’s common stock is traded on The NASDAQ Global Select Market.

CTC Media decided to pursue an initial public offering (IPO) and listing of the Company’s shares on the NASDAQ National Market in 2006. The Company raised USD 105 million through the offering of 7,909,784 newly issued shares. The shares commenced trading on 1 June 2006.