Core Viewpoint - The company, Shuangdeng Co., Ltd., is set to launch an initial public offering (IPO) of 58.57 million H-shares, with a share price of HKD 14.51, aiming to raise approximately HKD 756 million for various strategic investments in battery production and R&D [1][3]. Group 1: IPO Details - The IPO will take place from August 18 to August 21, 2025, with 10% of shares allocated for Hong Kong and 90% for international investors, plus a 15% over-allotment option [1]. - The expected trading commencement date for the H-shares is August 26, 2025 [1]. Group 2: Investment and Use of Proceeds - The net proceeds from the global offering are estimated to be around HKD 756 million, with 40% allocated for building a lithium-ion battery production facility in Southeast Asia [3]. - Specific allocations include approximately 8.8% for construction costs of the main production facility, 28% for purchasing and installing manufacturing equipment, and 2.4% for management and employee-related expenses [3]. - 35% of the net proceeds will fund a research and development center in Taizhou, focusing on enhancing battery lifespan, solid-state batteries, sodium-ion batteries, and BMS technology [3]. - 15% of the net proceeds will strengthen overseas sales and marketing efforts, including costs for leasing properties and hiring personnel [3]. - 10% of the net proceeds will be used for working capital and other general corporate purposes [3]. Group 3: Market Position and Financial Performance - The company is a leading player in the energy storage business within the big data and communications sectors, ranking first in global shipments of communication and data center energy storage batteries with a market share of 11.1% as of 2024 [1]. - Revenue growth is evident, with an increase from RMB 4.073 billion in 2022 to RMB 4.499 billion in 2024, driven by significant synergies between R&D spending and financial performance [4].
双登股份8月18日-8月21日招股 拟全球发售5855.7万股H股 引入三水创投为基石投资者
Zhi Tong Cai Jing·2025-08-17 23:03