Duke Holding, which provides shipping and third-party logistics services between East Asia and the US, filed on Friday with the SEC to raise up to $6 million in an initial public offering.
The company plans to raise $6 million by offering 5.6 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Duke Holding would command a market cap of $195 million.
Duke Holding provides a suite of supply chain services including integrated shipping, 3PL logistics, and e-commerce business services between East Asia and the US. The company's clients include major cross-border merchants dealing in consumer goods, food, and personal protective equipment, as well as overseas vessel carriers launching or operating services to the United States.
The Ontario, CA-based company was founded in 2008 and booked $82 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol DUKL. US Tiger Securities is the sole bookrunner on the deal.
