On Tuesday local time, Canadian shipping services provider Duke Holding (DUKL.US) increased the proposed scale of its upcoming initial public offering (IPO). The Ontario, California-based company now plans to raise $17 million by offering 3.8 million shares, with a price range set at $4 to $5 per share. Previously, the company had planned to offer 1.3 million shares, maintaining the same price range of $4 to $5 per share. Based on the midpoint of the revised price range, Duke Holding is expected to raise 200% more capital than previously anticipated, achieving a market valuation of $206 million. Duke Holding is an enterprise providing shipping and third-party logistics services between East Asia and the United States, offering a full suite of supply chain services that encompass integrated transportation, third-party logistics (3PL), and e-commerce business services between the two regions. The company's client base includes major cross-border merchants dealing in consumer goods, food, and personal protective equipment, as well as overseas vessel operators that have opened or manage routes to the United States. Founded in 2008, Duke Holding generated revenue of $80 million over the 12-month period ending September 30, 2025. The company plans to list on the Nasdaq under the ticker symbol DUKL. Tiger Brokers is acting as the sole bookrunner for the offering.