China’s flexible screen maker, Juyu Technology, is considering an initial public offering in the Us, raising up to $1 billion, Reuters media ifR reported today. Founded in 2012, Jou Technology has offices in Shenzhen, Hong Kong and California.
According to the company’s website information, Joyu Technology is the global leader in flexible technology industry, through the core of independent research and development of flexible technology, the production of fully flexible displays and fully flexible sensors, as well as a full range of flexible screen folding mobile phones and other smart devices, including a full range of new generation of machine interactive products.
In March, it was reported that Joo-woo is seeking financing of about $1bn, valuing the company at least $8bn. In previous financings, Joo-woo has been valued at about $5 billion. Currently, Joyu Is Trying to Expand Sales, Marketing and Research and Development.
People familiar with the matter also said at the time that Joo-woo was still considering an IPO, but had not yet decided where to do so. IfR today’s news shows that Joo Yu Technology is considering an IPO in the United States.
It is reported that Joyu Technology has invested 11 billion yuan (about $1.6 billion) to build a flexible display plant in Shenzhen, which went into operation in June last year. Early investors in Joo technology include Knight Capital, IDG Capital, Poly Capital Management, AMTD Group and Shenzhen government venture capital.