Tuya Inc.

Tuya Inc. (TUYA) priced its initial public offering on Mar 19, 2021 at $21.00 per ADS, and listed on NYSE. At the IPO price its market capitalization was about $8.76B. BofA Securities was lead-left underwriter, joined by CICC. Davis Polk, Maples and Calder and Jia Yuan Law Offices advised the company and Cleary Gottlieb and Jingtian & Gongcheng advised the underwriters.

Tuya Inc. is a Cayman Islands company that conducts its business in China and sells an IoT platform-as-a-service. Its customers are mainly OEMs, along with brands, who place orders for the IoT PaaS.

Status

IPO

Ticker

TUYA

Exchange

NYSE

Priced

Mar 19, 2021

IPO price

$21.00 per ADS

Market cap at IPO price

$8.76B

First filed

Feb 26, 2021

Underwriters

BofA Securities and CICC

Company counsel

Davis Polk, Maples and Calder and Jia Yuan Law Offices

Underwriters' counsel

Cleary Gottlieb and Jingtian & Gongcheng

Sector

Technology

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