Chinese visual effects service provider Dixintong Cloud Library (DCR.US) goes public in the US with an IPO price of $4-6 per share.

DCR Tech Group (DCR.US), a Chinese company specializing in visual content and special effects production, officially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission last Friday, February 21st, aiming to raise $10 million. The Beijing-based company plans to issue 2 million shares of stock with an offering price set between $4 and $6 per share, with the goal of raising $10 million. If calculated at the midpoint of the offering price range, DCR Tech Group's market value is estimated to reach $210 million. DCR Tech Group, through its subsidiary in China, provides comprehensive visual effects production services to a wide range of industries including film and television, OTT video, gaming, animation, digital cultural tourism, advertising, and augmented reality. Its services cover the entire process of visual content production, from initial storyboard design and previews to final production. The company's main source of revenue comes from providing visual content production services, typically settling on fixed-price contracts and milestone payment models. Since its establishment, DCR Tech Group has provided professional services to around 30 clients, including producers, production managers, and visual effects producers. Founded in 2021, DCR Tech Group achieved $16 million in revenue in the 12 months ending on June 30, 2024. The company plans to list on the Nasdaq stock exchange with the ticker symbol "DCR." It is worth mentioning that DCR Tech Group secretly submitted an IPO application on October 18, 2024. In this IPO transaction, D. Boral Capital serves as the sole book-running manager.