--- title: "[IPO Tracking] The Hong Kong IPO market \"fires seven arrows simultaneously,\" DKE rises over 4%" type: "News" locale: "en" url: "https://longbridge.com/en/news/292143505.md" description: "On July 9th, seven companies went public on the Hong Kong stock market on the same day, with DKE's stock price rising over 4%. The company received more than 1,067 times subscription for its public offering in Hong Kong, without introducing cornerstone investors, raising approximately HKD 355 million for capacity upgrades and research and development. As the world's second-largest electronic paper display manufacturer, its revenue is expected to continue growing from 2023 to 2025" datetime: "2026-07-09T03:29:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292143505.md) - [en](https://longbridge.com/en/news/292143505.md) - [zh-HK](https://longbridge.com/zh-HK/news/292143505.md) --- # [IPO Tracking] The Hong Kong IPO market "fires seven arrows simultaneously," DKE rises over 4% On July 9th, the Hong Kong IPO market heated up, with seven companies listed on the Hong Kong Stock Exchange on the same day, namely: DKE (01770.HK), Luxshare Precision (02475.HK), Puyuan Precision (00537.HK), Rock Robot (03752.HK), DingTai High-Tech (01377.HK), SanHuan Group (06951.HK), and Qiyunshan Food (02797.HK). Among them, DKE surged after fluctuating in the morning session, with an increase of 4.27% as of the time of writing, priced at HKD 82 per share, with a total market capitalization of HKD 4.197 billion. The final offering price was HKD 78.64, and the current stock price is HKD 82, with a minimum lot size of 50 shares, resulting in a paper profit of HKD 168 for investors. During the global offering period, DKE received enthusiastic support from investors, with the Hong Kong public offering being oversubscribed by 1,067.54 times, and the final number of shares offered in the public offering was 511,900 shares, accounting for about 10% of the total shares offered. A total of approximately 127,000 valid applications were received, with about 9,652 applications accepted. In the international placement phase, the company was subscribed 3.69 times, with the final number of international offering shares being 4.6067 million shares, equivalent to 90% of the total shares offered. It is worth noting that DKE did not introduce any cornerstone investors for this global offering. Regarding the use of proceeds, DKE expects the net proceeds from the global offering to be approximately HKD 355 million, which will be used to enhance future production capacity and the intelligent upgrade of production bases, improve research and development and technical capabilities, working capital, and general corporate purposes. DKE is primarily engaged in the development and sales of electronic paper display modules, with products covering small, medium, and large-sized electronic paper display modules. Downstream terminal applications include smart retail, smart office, smart education, smart logistics, smart transportation, and smart wearable devices. According to data from ZhiShi Consulting, based on revenue in 2025, the company is the second-largest electronic paper display manufacturer in the world (with a market share of 20.8%) and the largest commercial electronic paper display manufacturer in the world by revenue (with a market share of 24.9%). DKE has delivered a remarkable performance report. From 2023 to 2025, the company's revenue is expected to increase from RMB 1.024 billion to RMB 1.713 billion. Notably, in 2025, revenue is expected to surge year-on-year, with sales of smart IoT electronic paper display modules skyrocketing from 56.139 million units to 124.5 million units, doubling in two years; during the same period, gross profit margins are expected to be 15.8%, 15.8%, and 16.4%, with annual profits of RMB 50.739 million, RMB 53.404 million, and RMB 80.228 million, respectively The industry in which DKE operates is full of opportunities. Driven by both technological upgrades and rising market demand, the electronic paper industry continues to expand. According to data from ZhiShi Consulting, the global commercial electronic paper display market is expected to sell 5.025 million units in 2025 and reach 8.484 million units by 2030, with a compound annual growth rate of 11.0% during this period. Additionally, Walmart plans to fully introduce electronic price tags in approximately 4,700 stores in the United States, injecting strong incremental demand into the industry. As of December 31, 2025, DKE has established four production bases in Jiaxing City and Dalian City in China, as well as in Phu Tho Province, Vietnam, with a total of 50 specialized production lines. According to ZhiShi Consulting, as of June 21, the company is the enterprise with the most production bases in the global electronic paper display industry. 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