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Stock Market News

GigaCloud Technology IPO Opens 57% Higher

08/18/2022

Less than a minute

2022.08.18 18:26

GigaCloud Technology IPO Opens 57% Higher
GigaCloud Technology (GCT) IPO Opens 57% Higher

Today’s IPO for GigaCloud Technology (GCT) opened for trading at $19.20 after pricing 2,940,000 Class A ordinary shares at a public offering price of $12.25 per Class A ordinary share. Shares have since moved up to $21.

Aegis Capital Corp. acted as the sole book-running manager for the Offering.

GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise.

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08/18/2022

Less than a minute