PE-controlled Chinese cinema equipment maker files for US IPO
Chinese digital cinema equipment manufacturer GDC Technology, a portfolio company of The Carlyle Group and Yunfeng Capital, has announced plans to raise up to $75 million through a NASDAQ IPO. With only two Chinese firms managing to go public in the US since the start of 2012, two more are now in the listing process, giving credence to VCs’ claims that the investor appetite is slowly rebounding.
According to a regulatory filing, Carlyle Asia Growth Partners IV, a 2008 vintage vehicle with a corpus of $1 billion, holds 48.8% of GDC. Yunfeng has 18.3%. GDC's parent, Hong Kong-listed Global Digital...
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