Chinese flexible screen maker Royole is considering a U.S. IPO to raise up to $1 billion, according to Reuters on Friday.
Royole was founded in 2012 and has offices in Shenzhen, Hong Kong and California.
The company's website information claims that Royole is a leader in the global flexible technology industry. Through its core flexible technology, it produces fully flexible displays and sensors, as well as a full range of new products including flexible screen folding phones and other smart devices A generation of human-machine interactive products.
In March this year, media reports said that Royole was seeking financing of about $1 billion, valuing the company at least $8 billion. In previous financings, Royole's valuation reached about $5 billion.
A person familiar with the matter said at the time that Royole was also considering an IPO but had not yet identified a listing location. According to Reuters today, Royole is considering an IPO in the United States.
It is reported that Royole has invested 11 billion yuan (about $1.6 billion) to build a flexible display factory in Shenzhen, which was put into production in June last year. Royole's early investors include Knight Capital, IDG Capital, PolyCapital Management, AMTD Group, and Shenzhen Government Venture Capital.
