GigaCloud Technology Shares Triple after listed $19.20 in 2 trading days.
GigaCloud Technology Shares 300% Gain after listed in 2 days.
The shares first day open $19.20 and tuched hign $21.22 and closed $15.69.
And shares 2nd day open $26.64 and make high $60.00 and closes on $48.01.
GigaCloud Technology is a leading global trade service provider powers the GigaCloud B2B Marketplace.
GigaCloud is a Business-to-Business trade platform specializing in heavy and large merchandise, optimized for the furniture sector.
The company announced the pricing of its initial public offering (the “Offering”) of 2,940,000 Class A ordinary shares at a public offering price of $12.25 per Class A ordinary share dated 18 Aug 2022.
The Company Offering are expected to be approximately $36 million before deducting underwriting discounts and commissions and offering expenses.
The company total market cap $2.05B.
The company last year Revenue $47,683 and Net Loss/profit of the Year $751.