Green Circle Decarbonize Technology Prices IPO to Raise $10 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2026
0mins
Should l Buy GCDT?
Source: renaissancecapital
- Funding Details: China-based thermal energy storage producer Green Circle Decarbonize Technology successfully priced its US IPO to raise $10 million, achieving a market cap of $50 million, reflecting market confidence in its phase change material technology.
- Technological Edge: The company has developed over 20 types of phase change materials, each tailored for different thermal energy storage applications, enhancing its competitive position in the thermal energy storage market.
- SPAC Activity: Three SPACs priced this week, with Infinite Eagle Acquisition raising $300 million, OneIM Acquisition raising $250 million, and FG Imperii Acquisition raising $200 million, indicating sustained investor interest in the SPAC market.
- Market Trends: A total of eight IPO filings were submitted this week, including five aiming to raise over $100 million, highlighting strong demand for emerging companies, particularly Brazilian digital bank AGI's $1 billion fundraising plan, which further boosts market activity.
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Analyst Views on GCDT
Wall Street analysts forecast GCDT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GCDT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 4.290
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Current: 4.290
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About GCDT
Green Circle Decarbonize Technology Ltd is an investment holding company mainly engaged in the provision of energy saving solutions. The Company mainly provides energy saving solutions, consultancy services and construction services supported by proprietary phase change thermal energy storage (TES) materials and thermal engineering services operation. The Company mainly focuses on research, development, manufacturing and sales of phase change material (PCM) thermal energy storage systems, including BocaPCM- TES panels for heating, ventilation, and air conditioning (HVAC) and refrigeration applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Green Circle Decarbonize Technology Closes Sale of 375,000 Shares
- Successful Share Offering: Green Circle Decarbonize Technology has successfully closed the sale of 375,000 ordinary shares through the underwriter's over-allotment option at the IPO price of $4.00 per share, which is expected to raise $11.5 million in total gross proceeds, thereby strengthening its capital base for future growth.
- Total IPO Proceeds: This additional share sale brings the total IPO proceeds to $11.5 million, combined with the previously announced $10 million, indicating strong market demand for its technology and products, which enhances the company's market position in energy-saving solutions.
- Underwriter's Role: RBW Capital Partners LLC acted as the lead underwriter for this offering, with Revere Securities LLC serving as co-manager, ensuring a smooth process while providing professional market support that boosts investor confidence.
- Compliance and Transparency: The company has filed a registration statement with the U.S. Securities and Exchange Commission, which has been approved, ensuring that the offering complies with securities laws, thereby enhancing transparency and compliance, and increasing market trust.
See More
Green Circle Decarbonize Technology Prices IPO to Raise $10 Million
- Funding Details: China-based thermal energy storage producer Green Circle Decarbonize Technology successfully priced its US IPO to raise $10 million, achieving a market cap of $50 million, reflecting market confidence in its phase change material technology.
- Technological Edge: The company has developed over 20 types of phase change materials, each tailored for different thermal energy storage applications, enhancing its competitive position in the thermal energy storage market.
- SPAC Activity: Three SPACs priced this week, with Infinite Eagle Acquisition raising $300 million, OneIM Acquisition raising $250 million, and FG Imperii Acquisition raising $200 million, indicating sustained investor interest in the SPAC market.
- Market Trends: A total of eight IPO filings were submitted this week, including five aiming to raise over $100 million, highlighting strong demand for emerging companies, particularly Brazilian digital bank AGI's $1 billion fundraising plan, which further boosts market activity.
See More
Green Circle Decarbonize Technology Raises $10 Million in NYSE American Listing
- Successful Fundraising: Green Circle Decarbonize Technology raised $10 million by offering 2.5 million shares at $4.00 each, achieving a valuation of $50 million, reflecting strong market demand for its thermal energy storage materials.
- Listing Update: The company listed on the NYSE American under the ticker GCDT on Tuesday, marking its debut in the capital markets and is expected to enhance brand recognition and market influence.
- Underwriter Role: RBW Capital Partners acted as the sole bookrunner for the offering, demonstrating its expertise in capital markets and confidence in Green Circle Decarbonize Technology's prospects.
- Market Outlook: The funds raised will support Green Circle Decarbonize Technology in accelerating the research and development of its thermal energy storage technology and promoting its market presence, aiding the company's long-term growth in the green energy sector.
See More
Green Circle Decarbonize Technology Closes Sale of 375,000 Shares
- Successful Share Offering: Green Circle Decarbonize Technology has successfully closed the sale of 375,000 ordinary shares through the underwriter's over-allotment option at the IPO price of $4.00 per share, which is expected to raise $11.5 million in total gross proceeds, thereby strengthening its capital base for future growth.
- Total IPO Proceeds: This additional share sale brings the total IPO proceeds to $11.5 million, combined with the previously announced $10 million, indicating strong market demand for its technology and products, which enhances the company's market position in energy-saving solutions.
- Underwriter's Role: RBW Capital Partners LLC acted as the lead underwriter for this offering, with Revere Securities LLC serving as co-manager, ensuring a smooth process while providing professional market support that boosts investor confidence.
- Compliance and Transparency: The company has filed a registration statement with the U.S. Securities and Exchange Commission, which has been approved, ensuring that the offering complies with securities laws, thereby enhancing transparency and compliance, and increasing market trust.
See More
Green Circle Decarbonize Technology Prices IPO to Raise $10 Million
- Funding Details: China-based thermal energy storage producer Green Circle Decarbonize Technology successfully priced its US IPO to raise $10 million, achieving a market cap of $50 million, reflecting market confidence in its phase change material technology.
- Technological Edge: The company has developed over 20 types of phase change materials, each tailored for different thermal energy storage applications, enhancing its competitive position in the thermal energy storage market.
- SPAC Activity: Three SPACs priced this week, with Infinite Eagle Acquisition raising $300 million, OneIM Acquisition raising $250 million, and FG Imperii Acquisition raising $200 million, indicating sustained investor interest in the SPAC market.
- Market Trends: A total of eight IPO filings were submitted this week, including five aiming to raise over $100 million, highlighting strong demand for emerging companies, particularly Brazilian digital bank AGI's $1 billion fundraising plan, which further boosts market activity.
See More
Green Circle Decarbonize Technology Raises $10 Million in NYSE American Listing
- Successful Fundraising: Green Circle Decarbonize Technology raised $10 million by offering 2.5 million shares at $4.00 each, achieving a valuation of $50 million, reflecting strong market demand for its thermal energy storage materials.
- Listing Update: The company listed on the NYSE American under the ticker GCDT on Tuesday, marking its debut in the capital markets and is expected to enhance brand recognition and market influence.
- Underwriter Role: RBW Capital Partners acted as the sole bookrunner for the offering, demonstrating its expertise in capital markets and confidence in Green Circle Decarbonize Technology's prospects.
- Market Outlook: The funds raised will support Green Circle Decarbonize Technology in accelerating the research and development of its thermal energy storage technology and promoting its market presence, aiding the company's long-term growth in the green energy sector.
See More
