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DQE Profits from IPO

Leading animation production company DQ Ent. Ltd. has raised $56 million through its listing on the London Stock Exchange's Alternative Investment Market, reports ANIMATION XPRESS. The funds will be used primarily for the expansion of production facilities in India and of global sales & distribution networks, investment in partnerships, European acquisitions, and joint ventures.

With production facilities in Hyderabad and Manila, and sales offices in Paris, Los Angeles and Tokyo, DQE is the leading production house for CGI, 2D, and VFX for platforms including TV series, feature films, direct-to-video, and games.

"DQE's comprehensive international presence and partnership will have sizeable boost to its international profile with listing at AIM, LSE," commented Tapaas Chakravarti, DQE's CMD & CEO. "The global animation and gaming industry combined together is growing over 10% CAGR while it is witnessing a paradigm shift in use of next-gen technologies to fulfil ever-increasing creative needs, manage the cost increase well and deliver across all platforms of distribution including digital platforms. We are ideally placed to exploit immense national and international market opportunities with our proven track record of highest quality, tremendous pool of creative talents, and comprehensive international partnership for iconic branded IP co-productions. This listing will assist DQE to keep up with the growth challenges and manage it well."