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Tuya Priced, NYSE: TUYA

Provides a consumer interface platform for IoT device makers in China.

Industry: Technology

Latest Trade: $2.09 0.00 (0.0%)

First Day Return: +19.0%

Return from IPO: -90.1%

Industry: Technology

We have pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. IoT is fundamentally changing the world and creating enormous business opportunities. Our IoT PaaS offering enables businesses and developers to quickly and cost-effectively develop, launch, manage and monetize software-enabled devices and services. Our Industry SaaS offering enables businesses to easily and securely deploy, connect, and manage large numbers and different types of smart devices. We also offer businesses, developers and end users a wide range of cloud-based value-added services to improve their ability to develop and manage IoT experiences. Through our IoT cloud platform, we have enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners and end users to engage and communicate through a broad range of smart devices. We had over 5,000 customers in 2020, primarily including brands, original equipment manufacturers or OEMs, industry operators and system integrators. For the same period, our IoT PaaS empowered over 2,700 brands to develop their smart devices, including leading brands such as Calex, Philips and Schneider Electric. We are also attracting an increasing number of Industry SaaS customers.
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IPO Data
IPO File Date 02/26/2021
Offer Price $21.00
Price Range $17.00 - $20.00
Offer Shares (mm) 43.6
Deal Size ($mm) $915
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/17/2021
Offer Price $21.00
Price Range $17.00 - $20.00
Offer Shares (mm) 43.6
Deal Size ($mm) $915
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
BofA Securities
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Company Data
Headquarters Hangzhou, China
Founded 2014
Employees 2,258
Website www.tuya.com

Tuya (TUYA) Performance