Carlyle-backed GDC Technology sets terms for $75 million IPO

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GDC Technology, a China-based provider of digital cinema servers backed by Carlyle, announced terms for its IPO on Wednesday. The North Point, Hong Kong-based company plans to raise $75 million by offering 5.7 million shares at a price range of $12 to $14. At the midpoint of the proposed range, GDC Technology would command a fully diluted market value of $316 million.

GDC Technology, which was founded in 1999 and booked $125 million in sales for the 12 months ended March 31, 2013, plans to list on the NASDAQ under the symbol GDCT. GDC Technology initially filed confidentially in December 2012. Barclays, Jefferies and Piper Jaffray are the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



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