Digital Domain Media Group Seeks to Raise $115M Through IPO (Report)


Visual effects firm Digital Domain's parent company is seeking to raise up to $115 million through an initial public offering to take place this summer.

Digital Domain Media Group Inc. said in a regulatory filing that it plans to use the proceeds to pay down and finance its operations, the Los Angeles Times reported.

In addition to the Venice-based VFX house, the company owns a feature animation division in Florida and another VFX studio in Vancouver.

Michael Bay is a part owner in Digital Domain, which is responsible for effects in Thor, The Curious Case of Benjamin Button and Bay's Transformers movies, among others.

The company previously tried to launch an IPO in 2007.

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