GigaCloud Technology Inc

GigaCloud Technology Inc (GCT) priced its initial public offering on Aug 19, 2022 at $12.25 per share, within its $10.25–$12.25 range, raising $36M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $378.7M. Aegis Capital was lead-left underwriter. Latham & Watkins, Maples and Calder, Han Kun and Guantao Law Firm advised the company and Kaufman & Canoles advised the underwriters.

GigaCloud Technology Inc operates the GigaCloud Marketplace, a B2B e-commerce platform on which sellers and buyers transact. The marketplace collects only limited data on its sellers and buyers.

Status

IPO

Ticker

GCT

Exchange

Nasdaq Global Market

Priced

Aug 19, 2022

IPO price

$12.25

Price range

$10.25–$12.25

Raised

$36M

Market cap at IPO price

$378.7M

First filed

Jul 8, 2022

Underwriters

Aegis Capital

Company counsel

Latham & Watkins, Maples and Calder, Han Kun and Guantao Law Firm

Underwriters' counsel

Kaufman & Canoles

Sector

Consumer

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.