Cycling can still attract interest from both institutional buyers and non-institutional investors, as the heavily oversubscribed Dahon IPO at the Hong Kong Stock Exchange showed last September. Amidst all the excitement on the exhibition floor of the Taipei Cycle Show, Bike Europe had the opportunity to speak with Dahon's owner, Dr David Hon, about his company's strategy.

For a brief moment during the pandemic boom of 2020-2021, the cycling industry appeared to enter the mainstream of global mobility investment. Venture capital flowed into direct-to-consumer e-bike brands, and private equity firms took significant stakes in several major European players.

In early January, folding bicycle manufacturer DAHON TECH (HKEX Stock Code: 02543.HK) and Ideal Bike Corp (TPEx Stock Code: 8933) signed a strategic cooperation agreement at DAHON's headquarters, with a focus on green mobility. Amid intensifying global market competition, the alliance centers on overseas business expansion, "tapping into the complementary strengths of both parties."

Dahon, one of the biggest folding bicycle makers in the world, jumped on its Hong Kong trading debut after investors flocked to its initial public offering on September 9, 2025. Dahon Tech, a subsidiary of Dahon, successfully listed on the Main Board of the Hong Kong Stock Exchange. "With an oversubscription rate of 7,558 times, media recognized it as Hong Kong's most oversubscribed listing ever," adds Dr. David Hon, the company's founder and CEO.

Dahon is responding to the growth of the e-bike market worldwide with a new alliance and factory. The company is forming an alliance with Golden Wheel Group to establish the new company Dagold Technology. Its new Dagold Factory in Tianjin, China, was officially opened on October 16th.

HONGKONG - Folding bike specialist Dahon Tech (02543.HK) officially debuted on the Main Board of the Hong Kong Stock Exchange today. It even garnered the attention of the Hong Kong capital market as a 'Star Stock' of 2025. On its first day of trading, Dahon Tech opened at 67.5 RMB (€ 8.07), a 36.4% increase from its listing price of 49.5 RMB (€ 5.92). The high and low reached 69 RMB (€ 8.25) and 56.4 RMB (€ 6.74), respectively, before closing at 60 RMB (€ 7.17). Half-day trading volume was 6.7537 million shares, totalling 455 million RMB (€ 54.4 million).