Carlyle-Backed GDC Technology Files For $75M US IPO

Law360, New York (May 23, 2013, 4:42 PM EDT) -- Private equity-backed GDC Technology Ltd. filed for a $75 million initial public offering on Tuesday, less than two years after a consortium led by Carlyle Group LP acquired the fast-growing Chinese digital cinema server provider.

GDC filed a registration statement with the U.S. Securities and Exchange Commission announcing the IPO of American depository shares on the Nasdaq Stock Market. The movie technology company also said it would qualify for reduced reporting requirements under the 2012 Jumpstart Our Business Startups Act, or Jobs Act.

GDC delivers and...
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