UTME News

UTime, a mobile phone and electronics manufacturer in China, raised $15 million by offering 3.8 million shares at $4, the low end of the range of $4 to $5. At pricing, the company commands a market value of $33 million. Because its market cap is less than $50 million, UTime will be excluded from Renaissance Capital's stats. UTime plans to list on the Nasdaq under the...read more

UTime, a mobile phone and electronics manufacturer in China, announced terms for its IPO on Tuesday. The Shenzhen, China-based company plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. At the midpoint of the proposed range, UTime would command a market value of $37 million. ...read more

The IPO market showed little activity, with no launches or pricings. The silver lining for IPO investors is thatthe IPO market tends to outperform following a shutdown. A few filings are keeping IPO market alive, as a Chinese issuer, a biotech, and a SPAC submitted initial filings. Phase 1 biotech Keros Therapeutics (KROS) filed to raise $86 million. The...read more

UTime, a Chinese mobile phone and electronics manufacturer, filed on Wednesday with the SEC to raise up to $22 million in an initial public offering. The company provides cost-effective mobile devices to emerging markets such as India, South Asia, and Africa. The Shenzhen, China-based company was founded in 2008 and booked $28 million in sales for the 12 months ended September...read more