DSC Holdings Ltd. Announces Pricing of Initial Public Offering
Rhea-AI Summary
DSC Holdings (NASDAQ: DSC) priced its initial public offering of 3,000,000 ADSs at US$17 per ADS, for gross proceeds of about US$51 million, excluding any over-allotment. Each ADS equals 20 Class A shares. Trading on the Nasdaq Global Market is expected to begin June 25, 2026, with closing targeted for June 26, 2026, subject to customary conditions. Underwriters have a 30-day option to buy up to 450,000 additional ADSs at the IPO price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- IPO of 3,000,000 ADSs at US$17 raises about US$51 million
- Listing on Nasdaq Global Market under ticker DSC increases market visibility
- 30-day over-allotment option for up to 450,000 ADSs at IPO price
- Each ADS representing 20 Class A shares may broaden investor access
Negative
- Issuance of 3,000,000 ADSs results in equity dilution for existing shareholders
- Over-allotment option for 450,000 ADSs could add further dilution if exercised
- Offering closing remains subject to customary conditions, creating limited execution risk
BEIJING, June 25, 2026 (GLOBE NEWSWIRE) -- DSC Holdings Ltd. (“DSC” or the “Company”) (NASDAQ: DSC), the AI application infrastructure for China’s used car industry, today announced that it has priced its initial public offering of 3,000,000 American depositary shares (“ADSs”) at US
In addition, the Company has granted to the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 450,000 additional ADSs at the initial public offering price.
Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and CR Global Markets are acting as representatives of the underwriters for the offering.
A registration statement related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the following underwriters:
Deutsche Bank AG, Hong Kong Branch
Attention: Prospectus Department
Address: 60/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong
Telephone: +1-800-503-4611
Email: Prospectus.cpdg@db.com
China International Capital Corporation Hong Kong Securities Limited
Attention: Prospectus Department
Address: 29/F, One International Finance Center, 1 Harbor View Street, Central, Hong Kong
Telephone: +852-2872-2000
Email: g_prospectus@cicc.com.cn
CR Global Markets
Attention: Prospectus Department
Address: 295 Madison Avenue, 18th Floor, New York, NY 10017, USA
Telephone: +1-212-554-2996
Email: usops@chinarenaissance.com
About DSC
DSC is the AI application infrastructure for China’s used car industry. According to CIC, the Company has held over
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to”, or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any duty to update such information, except as required under applicable law.
For more information, please visit: https://ir.dasouche.com
For investor and media inquiries, please contact:
DSC
IR Department
Email: ir@souche.com
Piacente Financial Communications
Brandi Piacente
Tel: +86-10-6508-0677
Email: DSC@tpg-ir.com
Source: DSC Holdings Ltd.
