Duoyuan Printing, a leading offset printing equipment supplier in China, slightly modified its terms for its upcoming IPO on Friday. The company now expects to raise $59.6 million by offering 6.3 million shares at a price range of $8.50 to $10.50, instead of the previously anticipated 6.5 million shares ($60.1 million deal size). However, given that the change is solely represented in insider shares (down from 986,598 to 769,462, or from 15.2% to 12.3%, respectively), primary proceeds will remain the same at $47.4 million. Duoyuan Printing, which was founded in 1998 and booked $114 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 later this week.
