The circulation has increased by nearly 200%! Canadian shipping company Duke Holding (DUKL.US) has increased its planned fundraising amount for IPO to $17 million.

On Tuesday local time, Canadian shipping service provider Duke Holding (DUKL.US) increased the planned size of its upcoming initial public offering (IPO). The California-based company now plans to raise $17 million through the issuance of 3.8 million shares of stock, with an issuance price range of $4 to $5 per share. Previously, the company had planned to issue 1.3 million shares of stock with the same price range of $4 to $5 per share. Based on the revised price range's midpoint, Duke Holding is expected to raise 200% more funds than previously anticipated and reach a market value of $206 million. Duke Holding is a company that provides shipping and third-party logistics services between East Asia and the United States. The company offers a full range of supply chain services, including comprehensive transportation, third-party logistics (3PL), and e-commerce business services between East Asia and the United States. The company's customer base includes major cross-border businesses in consumer goods, food, and personal protective equipment, as well as overseas shipping operators operating or operating routes to the United States. Duke Holding was founded in 2008 and generated $80 million in revenue in the 12 months ending September 30, 2025. The company plans to list on Nasdaq under the stock symbol DUKL. U.S. UP Fintech Holding Ltd. Sponsored ADR Class A will serve as the sole bookrunner for this transaction.