China's visual effects service provider, DCR.US, has filed for an IPO, with a price range of $4-$6/share.

China's digital cloud library in the visual content and special effects production field [DCR Tech Group (DCR.US)] officially filed its initial public offering (IPO) application with the U.S. Securities and Exchange Commission on Friday (February 21), aiming to raise $10 million. The Beijing-based company plans to issue 2 million shares at a price range of $4 to $6 per share, targeting $10 million in funding. If calculated at the midpoint of the price range, the market value of DCR Tech Group is estimated to be $210 million.

According to the information, DCR Tech Group provides comprehensive visual effects production services through its subsidiaries in China, serving the film and television, OTT video, gaming, animation, digital cultural tourism, advertising, and extended reality industries. Its services cover the entire process of visual content production, from initial storyboard design, preview to final product creation.

The company's main revenue comes from providing visual content production services, typically settled through fixed-price contracts and milestone payment models. Since its establishment, DCR Tech Group has provided professional services to approximately 30 clients, including producers, production managers, and visual effects producers.

DCR Tech Group achieved $16 million in revenue in the 12 months ended June 30, 2024. In this IPO, the company plans to list on the Nasdaq, with the stock code set as "DCR".

It is worth noting that DCR Tech Group filed a confidential IPO application on October 18, 2024. In this IPO transaction, D.Boral Capital serves as the sole bookrunner.