China's drone maker DJI to raise over $500m in pre-IPO funding at $15b valuation

China's drone maker DJI to raise over $500m in pre-IPO funding at $15b valuation

A 'Phantom 2' drone by DJI company flies during the 4th Intergalactic Meeting of Phantom's Pilots ) in an open secure area in the Bois de Boulogne, Paris. REUTERS/Charles Platiau/Files

Chinese drone maker SZ DJI Technology Co Ltd is seeking at least $500 million at a valuation of about $15 billion ahead of a planned stock market debut, three people with knowledge of the matter told Reuters.

DJI, the world’s largest maker of civilian drones, plans to obtain the fresh capital in a combination of new equity and debt, and wants to finalise the deal in the coming months, said the people, declining to be identified as the information was private.

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