Core Viewpoint - The IPO of Shuangdeng Group (06960), a storage battery manufacturer, has seen overwhelming demand, with over 3000 times subscription for its public offering, indicating strong market recognition [1][2] Group 1: IPO Details - Shuangdeng Group's IPO took place from August 18 to 21, with a total of HKD 255.2 billion in margin loans secured by brokers, and public offering proceeds amounting to HKD 84.97 million [1] - The company plans to issue 58.557 million H-shares at a price of HKD 14.5 per share, aiming to raise up to HKD 850 million [1] - The stock is expected to be listed on August 26, with CICC, Huatai International, and Jianyin International serving as joint sponsors [1] Group 2: Business Overview - Shuangdeng Group's main products include lead-acid batteries and lithium-ion batteries, primarily used in communication base station storage, data center storage, and power storage [1] - The company is projected to become the global leader in battery shipments for communication and data center storage by 2024, serving five of the top ten global telecom operators and 80% of China's top ten self-owned data center companies [1][2] Group 3: Financial Performance - The company has shown steady revenue growth, with total revenue increasing year-on-year from 2022 to 2024, and a more than 30% year-on-year revenue growth in the first five months of 2025 [2] - The data center storage business has experienced explosive growth, surpassing the communication base station business in revenue contribution for the first time in early 2025 [2] Group 4: Strategic Support - The IPO received strategic backing from local state-owned assets in Taizhou, highlighting the local government's recognition of the company's industry position [2] - With the booming global demand for storage solutions and strong policy support, Shuangdeng Group is well-positioned to capitalize on the growth opportunities in the storage industry [2]
新股消息 | 人气火爆！储能电池厂商双登集团(06960)港股IPO孖展超额认购逾3000倍