双登股份(06960.HK)启动全球招股 预计8月26日上市

Core Viewpoint - The company, Shuangdeng Co., Ltd. (06960.HK), is planning a global offering of 58.557 million H-shares at a price of HKD 14.51 per share, with a net proceeds estimate of approximately HKD 756.3 million, aimed at expanding its lithium-ion battery production and R&D capabilities [1][3]. Group 1: Offering Details - The company intends to offer a total of 58.557 million H-shares, with 5.856 million shares available in Hong Kong and 52.701 million shares for international investors, including a 15% over-allotment option [1]. - The subscription period for the offering is set from August 18 to August 21, 2025, with trading expected to commence on August 26, 2025 [1]. Group 2: Business Overview - The company is a leading player in the energy storage business within the big data and communications sector, focusing on the design, development, manufacturing, and sales of energy storage batteries and systems [1]. - As of December 31, 2024, the company has served five of the world's top ten telecommunications operators and equipment manufacturers, covering nearly 30% of the top 100 global telecom operators [1]. Group 3: Market Position - According to Frost & Sullivan, the company ranked first in global shipments of energy storage batteries for telecommunications and data centers in 2024, with a market share of 11.1% [1]. - The company is projected to rank twelfth among global energy storage battery suppliers based on newly installed capacity, with a market share of 2.5% in 2024 [1]. Group 4: Use of Proceeds - Approximately 40% of the net proceeds from the global offering will be allocated to building a lithium-ion battery production facility in Southeast Asia, aimed at enhancing the company's market share in data center energy storage products [3]. - About 35% of the proceeds will fund the establishment of a research and development center in Taizhou, focusing on improving battery lifespan, solid-state batteries, sodium-ion batteries, and BMS technology [3]. - The remaining proceeds will be used to strengthen overseas sales and marketing efforts (15%) and for working capital and other general corporate purposes (10%) [3].