Core Viewpoint - Shuangdeng Co., Ltd. (06960.HK) is launching an IPO in Hong Kong, with a total of 58,557,000 H-shares available for sale, priced at HKD 14.51 per share, aiming to raise approximately HKD 19.38 billion for expansion and R&D purposes [1][2][4]. Group 1: IPO Details - The IPO subscription period is from August 18 to August 21, 2025, with the listing date set for August 26, 2025 [2][3]. - The total number of shares issued is 58,557,000 H-shares, with 5,856,000 shares allocated for the Hong Kong offering and 52,701,000 shares for international offering [1][3]. - The expected gross proceeds from the IPO are approximately HKD 8.50 billion, with a net fundraising amount of about HKD 19.38 billion [3][4]. Group 2: Use of Proceeds - Approximately 70% of the net proceeds will be used to expand the production capacity of 8-inch and larger silicon carbide substrates [4]. - About 20% is allocated to enhance R&D capabilities to maintain the company's innovation leadership [4]. - The remaining 10% will be used for working capital and other general corporate purposes [4]. Group 3: Shareholder Structure - Post-IPO, the controlling shareholder, Mr. Yang Shanjin, will hold approximately 67.29% of the voting rights [4][5]. - Public shareholders will hold 14.05% of the shares [4][5]. - The major shareholders include Mr. Yang Shanjin (33.18%), Shuangdeng Investment (26.29%), and other entities [5]. Group 4: Company Background - Founded in 2011, Shuangdeng Co., Ltd. is a leading company in the energy storage business within the big data and communications sector, focusing on the design, R&D, manufacturing, and sales of energy storage batteries and systems [5]. - According to Frost & Sullivan, Shuangdeng ranks first globally in the supply of energy storage batteries for communications and data centers by shipment volume, with a market share of 11.1% in 2024 [5]. - The company ranks twelfth in the global energy storage battery suppliers by newly installed capacity, with a market share of 2.5% [5].
双登股份(06960)启动招股，8月26日香港上市，三水创投等参与基石投资