DKE Holding Company Limited has published the final results of its Hong Kong initial public offering ahead of its planned listing on 9 July 2026.
Offering Structure and Pricing • Final offer price: HK$78.64 per H share, the bottom of the indicated HK$78.64–101.11 range. • Shares offered: 5.12 million H shares, split 10% (511,900 shares) for the Hong Kong Public Offering and 90% (4.61 million shares) for the International Placing. • No over-allotment option was exercised; no stabilisation actions will be undertaken.
Proceeds • Gross proceeds: HK$402.53 million. • Estimated listing expenses: HK$47.17 million. • Net proceeds: HK$355.36 million. The intended use of funds is detailed in the company’s prospectus.
Investor Demand • Hong Kong Public Offering: 126,957 valid applications, representing 1,067.54 times oversubscription. • International Placing: 52 placees subscribed for 3.69 times the shares available. • Allocation concentration: the top 25 placees took 88.5% of the International Placing (10.2% of post-listing share capital).
Shareholder and Float Situation • Post-listing share capital: 51.19 million shares. • Public float: 27.26 million H shares, or 53.26% of total shares, satisfying Listing Rule requirements; at least 10% of share capital will be freely tradable at listing. • Controlling shareholders (Concert Party Group and incentive platforms) hold 33.11% and are locked up for one year in line with PRC Company Law. • Other pre-IPO investors collectively hold 56.89%, also subject to a one-year lock-up.
Connected Placements The Stock Exchange granted consents for allocations to: 1. Qu Shengjun (close associate of an existing shareholder) – 254,300 shares (0.50% of post-listing capital). 2. CITIC Asset Management – 1,300 shares, 3. JA Investment SPC – 381,450 shares, 4. SSIF AM Portfolio – 1,300 shares.
Listing Timetable Dealings in DKE’s H shares (board lot: 50 shares) are expected to start at 9:00 a.m. on 9 July 2026 under stock code 01770, assuming the underwriting agreement is not terminated.
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