DDC Enterprise launches IPO for SAVOR preferred stock at $20

The Hong Kong food and Bitcoin treasury company is offering 13.5% perpetual preferred shares with bonus payouts tied to Bitcoin's price DDC Enterprise wants investors to fund its Bitcoin habit, and it is offering a 13.5% dividend to make the pitch easier. The Hong Kong-based company, which runs a food platform alongside a digital asset treasury, announced a public offering for its DDC SAVOR 13.5% Perpetual Preferred Series A Shares. The shares are priced at $20 apiece and are expected to bring in at least $24 million in gross proceeds. The money is slated to cover dividend reserves, repay convertible notes and buy more Bitcoin. What DDC is selling The offering was announced on November 4, 2026. Each share carries a stated value of $25 but sells for $20. Dividends accrue at 13.5% per year on that $25 stated value. That works out to $3.375 per share annually, accruing daily and payable in cash. The dividend is also cumulative. If a payment gets skipped, it does not disappear. It stacks up as an obligation the company still owes to preferred holders. The shares include bonus cash payments triggered when Bitcoin hits certain price thresholds for 10 consecutive trading days. Those bonus...