Duoyuan Printing, a leading offset printing equipment supplier in China, announced terms for its IPO on Friday. The Beijing-based company plans to raise $62 million by offering 6.5 million shares at a price range of $8.50 to $10.50. At the mid-point of the proposed range, Duoyuan Printing will command a market value of $298 million. Duoyuan Printing, which was founded in 1998 and booked $107 million in sales over the last 12 months, plans to list on the NYSE under the symbol DYP. Piper Jaffray and Roth Capital are the lead underwriters on the deal, which is expected to price during the week of November 2.
