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UTime Priced, Nasdaq: UTME

Mobile phone and electronics manufacturer in China.

Industry: Technology

Latest Trade: $0.24 -0.24 (-50.0%)

First Day Return: +875.0%

Return from IPO: -88.1%

Industry: Technology

We are committed to providing cost-effective mobile devices to consumers globally and to helping low-income individuals from established markets, including the United States, and emerging markets, including India and countries in South Asia and Africa, have better access to updated mobile technology. We are mainly engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. We also provide Electronics Manufacturing Services , including Original Equipment Manufacturer, and Original Design Manufacturer services, for well-known brands, such as TCL Communication Technology Holdings, Haier Electronics Group, and Quality One Wireless LLC, a global leader in wireless distribution based in Orlando, Florida. Our operations are based in China whereas most of our products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. We have two in-house brands, “UTime,” which is known as our middle-to-high end label and targets middle class consumers from emerging markets; and “Do”, as our low- to mid-end brand, is positioned to the majority of grassroots consumers and price-sensitive consumers in emerging markets. Our prime end user groups are segmented into regions like South America, South Asia, Southeast Asia and Africa.
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IPO Data
IPO File Date 03/18/2020
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.8
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/05/2021
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.8
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Boustead Securities
Brilliant Norton Securities
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Company Data
Headquarters Shenzhen, China
Founded 2008
Employees 307
Website www.utimemobile.com

UTime (UTME) Performance