Chinese visual effects production company Smart Cloud Resources (DCR.US) increases IPO size by 150% to raise $25 million.

Chinese visual content and special effects production company Digital Cloud Resources (DCR.US) on Tuesday increased the fundraising scale of its upcoming initial public offering (IPO). The Beijing-based company currently plans to raise $25 million by issuing 5 million shares at a price range of $4 to $6 per share. Previously, the company had submitted a prospectus to issue 2 million shares at the same price range. With the adjusted fundraising scale, Digital Cloud Resources' fundraising amount will increase by 150% compared to previous expectations, and the expected market value after listing is estimated to reach $225 million. Through its subsidiaries in China, the company focuses on providing visual content and special effects production services for the film and television, OTT video, gaming, animation, digital tourism, advertising, and augmented reality industries. Its full-process services cover the entire visual content production process from storyboard design and dynamic previews to the final production of the film. The company's main revenue comes from fixed-price contracts and milestone payment visual content production services, with clients including producers, production managers, and visual effects suppliers. Since its establishment, the company has served approximately 48 clients. Digital Cloud Resources was founded in 2021 and achieved revenue of $29 million in the 12 months ending on June 30, 2025. The company plans to be listed on NASDAQ under the stock symbol "DCR," with D.Boral Capital serving as the exclusive book-runner for this issuance.