TUYA News

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

Tuya, which provides a consumer interface platform for smart device makers in China, raised $915 million by offering 43.6 million ADSs at $21, above the range of $17 to $20. Insiders Tencent and Hillhouse Capital, and new investors CPPIB, Dragoneer Investment Group, GIC, and Tiger Global Management had indicated on $500 million worth of ADSs in the offering. Tuya provides...read more

Updated Monday, 3/15. The IPO market starts to pick back up with 10 IPOs scheduled to raise $2.5 billion in the week ahead. Chinese IoT platform developer Tuya (TUYA) plans to raise $806 million at a $10.4 billion market cap. Tuya’s platform offers PaaS and SaaS to over 5,000 customers for the development, management, and monetization of...read more

Tuya, which provides an IoT cloud platform for smart devices, announced terms for its IPO on Friday. The Hangzhou, China-based company plans to raise $806 million by offering 43.6 million ADSs at a price range of $17 to $20. Insiders Tencent and Hillhouse Capital, and new investors CPPIB, Dragoneer Investment Group, GIC, and Tiger Global Management intend to purchase an...read more