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GigaCloud Technology Priced, Nasdaq: GCT

Operates a wholesale marketplace for furniture and other bulky goods made in Asia.

Industry: Technology

Latest Trade: $48.01 0.00 (0.0%)

First Day Return: +28.1%

Return from IPO: +291.9%

Industry: Technology

We are a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. Our B2B ecommerce platform, which we refer to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. Our global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. We offer a true comprehensive solution that transports products from the manufacturer’s warehouse to end customers, all at one fixed price. We first launched our marketplace in January 2019 by focusing on the global furniture market and have since expanded into additional categories such as home appliances and fitness equipment. GigaCloud Marketplace is one of the fastest growing large parcel B2B marketplaces with over $190.5 million, $414.2 million and $438.1 million of gross merchandise value, or GMV, transacted in our marketplace in 2020, 2021 and the 12 months ended March 31, 2022, respectively.
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IPO News for GigaCloud Technology
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IPO Data
IPO File Date 07/08/2022
Offer Price $12.25
Price Range $10.25 - $12.25
Offer Shares (mm) 2.9
Deal Size ($mm) $36
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/17/2022
Offer Price $12.25
Price Range $10.25 - $12.25
Offer Shares (mm) 2.9
Deal Size ($mm) $36
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Hong Kong, China
Founded 2006
Employees 694
Website www.gigacloudtech.com