E-paper display maker DKE launches $66 million IPO
E-paper display maker DKE Holding Co. Ltd. (1770.HK) launched its IPO on Monday, aiming to sell 5.12 million shares for HK$101.11 each to raise HK$518 million ($66.4 million). Shares are being sold in lots of 50, with a cost of HK$5,106.50 per lot. Subscriptions close on July 3, and the stock is slated to make its trading debut on July 8.
The company’s sales volume of e-paper display modules grew from 56.1 million units in 2023 to 67.1 million units in 2024, and jumped by a further 86% last year to 124.5 million units. DKE had four manufacturing bases, three in China and one in Vietnam, at the end of last year.
The company posted revenues of 1.02 billion yuan in 2023, 1.15 billion yuan in 2024, and 1.71 billion yuan last year. Its profits over that period rose from 50.7 million yuan in 2023 to 53.4 million yuan in 2024 and 80.2 million yuan last year.
By Lau Chi Hang
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