DCR Tech Group, a visual content and effects producer in China, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
The Beijing, China-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, DCR Tech Group would command a market value of $210 million.
Through its PRC subsidiaries, the company specializes in visual effects production for various sectors, such as film and television, over-the-top video, games, animations, digital cultural tourism, advertising, and extended reality. Its comprehensive service offerings span the entire visual content production pipeline, from storyboard design, previsualization, to final production. The company generates revenue primarily by providing visual content production services, mainly through fixed-price contracts and milestone-based payments. Clients include producers, production managers, and visual effect producers, and since inception, the company has served approximately 30 clients.
DCR Tech Group was founded in 2021 and booked $16 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol DCR. The company filed confidentially on October 18, 2024. D. Boral Capital is the sole bookrunner on the deal.
