Integrated shipping services provider Duke Holding triples shares offered ahead of $17 million IPO
IPO Overview
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.
About the Company
We are a logistics and supply chain solutions provider specializing in third-party logistics （3PL） services that facilitate cross-border trade between East Asia and the U.S. As of the date of this prospectus, our key offerings include: （i） 3PL logistics services, （ii） integrated shipping services, and （iii） e-commerce business. Third-party logistics, or 3PL, refers to the outsourcing of logistics and supply chain management functions to specialized providers. The demand for 3PL services has increased significantly in recent years as global supply chains become more complex and merchants engaged in cross-border trade increasingly seek external logistics partners to manage their logistics operations so they can focus on their core business activities. Leveraging over 15 years of expertise in the 3PL sector, we offer scalable, flexible, and integrated logistics solutions, with the goal of becoming a preferred logistics partner for businesses operating between East Asia and the U.S. Our services encompass a wide range of logistics functions to support our customers’ diverse needs and drive their operational success with efficiency and cost-effectiveness. Through Duke System Logistics, one of our subsidiaries, we offer a comprehensive package of end-to-end logistics services tailored for merchant customers importing goods from foreign markets, particularly from East Asia, for sale in the U.S.