Flexible display manufacturer Royole is seeking $1bn in funding as it prepares for an initial public offering that could provide an exit to Yuexiu Group.
Royole, a China-based flexible displays manufacturer backed by diversified conglomerate Yuexiu Group, is aiming to raise approximately $1bn in funding ahead of an initial public offering, Bloomberg reported on Friday.
Potential investors in the round have not yet been identified but Royole is seeking a valuation of at least $8bn, people familiar with the matter told Bloomberg. The company declined to comment on its funding plans or the IPO rumours.
Founded in 2012, Royole develops bendable electronics displays, and unveiled…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
