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Carlyle-backed GDC Technology postpones $75 million IPO

By: Renaissance Capital
Posted: 6/27/2013 8:45:00 AM
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GDC Technology, a China-based provider of digital cinema servers backed by Carlyle, postponed its IPO on Thursday citing poor market conditions. The North Point, Hong Kong-based company was founded in 1999 and booked $125 million in sales for the 12 months ended March 31, 2013. Barclays, Jefferies & Co. and Piper Jaffray were set to be the joint bookrunners on the deal.