DSC's IPO
Listed Jun 25, 2026 at $17 on Nasdaq as DSC.
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What does DSC do?
“We are the AI application infrastructure for China's used car industry, holding over 90% market share in operating systems for China's used car dealers since at least 2021, according to CIC.”
| Fact | DSC |
|---|---|
| Incorporated | Cayman Islands, 2013 |
| Employees | a total of 49, as of December 31, 2025 |
| Website | dasouche.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | DSC |
|---|---|
| Shares offered | 3,000,000 ADSs |
| Offer price | $17 per ADS |
| Net proceeds the company expects | About $39.1 million |
| Exchange | Nasdaq Global Market, as DSC |
| Shares outstanding after | 1,001,449,847 |
| Market cap at the offer price | $17.0 billion |
What the filing says about its money
| Fact | DSC |
|---|---|
| Last preferred stock | Series G preferred |
What risks does DSC name first?
- “If we fail to provide a differentiated and superior customer experience and satisfactory services, the size of our customer base and the demand for our services could decline, and our business would be materially and adversely affected.”
- “Our failure to continuously develop new services to meet the evolving needs of customers, or achieve widespread customer adoption of those services, could negatively impact our business and financial results.”
- “Our business substantially depends on our relationship with our customers, primarily used car dealers and OEMs, and their usage of our services.”
Every date of DSC's IPO
| What | Day |
|---|---|
| Registration filed | May 26, 2026 |
| Exchange registration filed | Jun 17, 2026 |
| Declared effective by the SEC | Jun 24, 2026 |
| First trade | Jun 25, 2026 |
| Priced | Jun 26, 2026 |
| Lock-up ends | Dec 21, 2026 |
How did its first days trade?
From its daily bars, each close against its $17 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Jun 25 | $16 | $9.06 | -46.7% |
| Jun 26 | $8.50 | $7.25 | -57.4% |
| Jun 29 | $7.41 | $5.77 | -66.1% |
| Jun 30 | $5.80 | $5.52 | -67.5% |
| Jul 1 | $5.52 | $7.71 | -54.6% |
The other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
DSC IPO questions
When is DSC's IPO?
Listed Jun 25, 2026 at $17 on Nasdaq as DSC.
What is DSC's IPO price?
DSC's IPO priced at $17 a share, per its final prospectus of Jun 26, 2026.
How many shares is DSC selling?
3,000,000 ADSs, per its final prospectus (424B4).
When does the lock-up end?
DSC's IPO lock-up ends Dec 21, 2026. Its final prospectus says: “.”
Does Breakaway rate DSC?
Breakaway scores a new stock from its second trading day, ranked against every US stock it scores. For its first 21 sessions the page says New listing in place of the tier, and each check that needs more history waits for it.
Can Breakaway say where DSC's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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