Key Takeaways:
- DKE offers 5.12 million shares at HKD78.64-HKD101.11 apiece
- Entry fee set at HKD5,106.5 per board lot of 50 shares
- Net proceeds estimated at HKD411 million at mid-point pricing
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DKE launches HK IPO at HKD78.64-HKD101.11 per share
Electronic paper display module maker DKE (01770.HK) launched its Hong Kong IPO Tuesday, offering 5.12 million shares at HKD78.64 to HKD101.11 apiece.
The company plans to list on the Main Board of HKEX, with the Hong Kong public offering accounting for about 10% of the total and the international placing covering the remaining 90%, according to the IPO prospectus. At the mid-point offer price of HKD89.88, net proceeds are estimated at approximately HKD411 million.
With a board lot size of 50 shares, the entry fee is approximately HKD5,106.5. The subscription period runs from June 29 to July 3, with shares expected to begin trading on July 8.
The pricing gives DKE an enterprise value that will be finalized at the offer price. The company, which manufactures electronic paper display modules used in e-readers, electronic shelf labels, and other low-power display applications, is seeking to tap Hong Kong's equity capital markets amid a recovery in IPO activity. Investors will watch first-day trading on July 8 to gauge institutional and retail demand for the stock.
This article is for informational purposes only and does not constitute investment advice.
