Duke Holding, which provides shipping and third-party logistics services between East Asia and the US, raised the proposed deal size for its upcoming IPO on Tuesday.
The Ontario, CA-based company now plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. The company had previously filed to offer 1.3 million shares at a range of $4 to $5. At the midpoint of the revised range, Duke Holding will raise 200% more in proceeds than previously anticipated and command a market cap of $206 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.
Duke Holding was founded in 2008 and booked $80 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol DUKL. US Tiger Securities is the sole bookrunner on the deal.
