Shuangdeng Group Co Ltd (Ticker: 6960 HK) is a China-based company specializing in energy storage solutions, including batteries and systems for telecommunications and data centers. The company plans to list on the Hong Kong Stock Exchange on August 26, 2025, offering 58.56 million shares at HKD 14.51 per share, aiming to raise approximately HKD 849.66 million (USD 108.68 million). The IPO consists entirely of primary shares, with a 15% greenshoe option. According to sources, proceeds are reportedly earmarked for expanding production capacity, R&D investment, and general corporate purposes. Shuangdeng serves major global telecom and data center clients, including five of the world’s top ten telecom operators and China’s top five telecom companies. The company ranked first globally in shipment volume for telecom and data center energy storage batteries in 2024, with a market share of 11.1% and 16.1% respectively. Shuangdeng was founded in 2011 in Taizhou, Jiangsu Province.