Indian animation company DQ Ent. (DQE) is planning to raise $60 million with an IPO on the London Stock Exchange, C21 MEDIA reports.
The company, whose customers include the BBC, Disney, Nickelodeon and NBC Universal, was recently commissioned by the U.K.'s CBBC and France 3 to coproduce with Method Films the kids series PINKY AND PERKY. DQE has also signed a deal this year for TWISTED WHISKERS, a series being developed with Mike Young Prods. for American Greetings.
With 24 original series in production, DQE's enormous talent base includes 3,500 artists in six facilities in India, China and the Philippines. The offering on London's Alternative Investment Market will release $35 million in new funds for building up the company's production facilities even more, as well as funding potential acquisitions and joint ventures with European and U.S. producers.
