DKE Holding (HKG:1770) launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$517.5 million.

The e-paper display modules manufacturer is offering 5.1 million H shares at a maximum price of HK$101.11 each, according to a Hong Kong bourse filing.

The offering comprises 511,900 shares for Hong Kong investors and 4.6 million shares for international investors, subject to reallocation and the overallotment option.

The offer price is expected to be determined by July 6, with allocation results due by July 7, ahead of the company's planned trading debut on July 8.

Net proceeds will be used primarily to expand production capacity and advance the intelligentization of the company's production bases.

The company also plans to use the funds to enhance its research and development and technological capabilities, enrich its product portfolio, and for working capital and general corporate purposes.

CLSA is serving as the sponsor-overall coordinator, overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager.

SPDB International Capital is acting as the overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager, while China Harbour International Securities, CMBC Securities, and JA Securities are serving as joint bookrunners and joint lead managers, according to the prospectus.