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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: $31.93 0.00 (0.0%)

First Day Return: +28.1%

Return from IPO: +160.7%

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.
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
Aegis Capital Corp.
Company Data
Headquarters Hong Kong, China
Founded 2006
Employees at IPO 694
Website www.gigacloudtech.com

GigaCloud Technology (GCT) Performance

Created with Highcharts 10.3.2Chart context menuGCT vs. IPO Index (IPOUSA)Sep 2022Sep 20…Nov 2022Jan 2023Mar 2023May 2023Jul 2023Sep 2023Nov 2023Jan 2024Mar 2024May 2024Jul 2024Sep 2024Nov 2024Jan 2025Mar 2025May 2025Jul 20250%+ 200%+ 400%-200%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexGCTOur ETF tracks the IPO Index