New stock news | Popular! Energy storage battery manufacturer Shuangdeng Group (06960) Hong Kong stock IPO oversubscribed more than 3000 times.

Energy storage battery manufacturer Shuangdeng Group (06960) conducted its initial public offering from August 18th to 21st, with the latest subscription already completed. Data shows that Shuangdeng Group received at least HK$255.2 billion in margin loans from brokers, with a public offering of HK$84.97 million, oversubscribed by 3002 times. Shuangdeng Group plans to issue 58.557 million H shares, with 10% being publicly offered in Hong Kong at a price of HK$14.5 per share, raising a maximum of HK$850 million. Each lot consists of 500 shares, with an entry fee of HK$7328.2 per lot. Shuangdeng is expected to be listed on August 26th, with CICC, Huatai International, and Guotai Junan International as joint sponsors. The strong subscription during the public offering period reflects the market's high recognition of the company. Shuangdeng's main products are lead-acid batteries and lithium-ion batteries, primarily used in three core scenarios: energy storage for communication base stations, data centers, and power storage. From a business perspective, Shuangdeng's strength comes from its solid industry position. The prospectus shows that by 2024, the company has become the top global supplier of energy storage batteries for communication and data centers, with customers covering five of the world's top ten communication operators, the top five communication operators in China, and 80% of the top ten self-owned data center companies in China. As the global leader in communication and data center energy storage battery shipments, Shuangdeng has built a strong industry position with technological barriers, full cost control, and global expansion. Financially, the company's performance has steadily increased, with total revenues rising each year from 2022 to 2024, and a year-on-year revenue growth of over 30% in the first five months of 2025. Its data center energy storage business has experienced explosive growth, with revenue in the first five months of 2025 surpassing the proportion of revenue from communication base stations, becoming the core growth engine. It is worth noting that this global IPO has also received strategic support from local state-owned assets in Taizhou, entering as cornerstone investors, demonstrating the local government's recognition of its industry position. With the explosive demand in the global energy storage market and strong policy support, Shuangdeng, with its technological and track advantages, combined with capital empowerment, is expected to achieve growth in the golden age of the energy storage industry and lead China's energy storage companies on the path to globalization.