uCloudlink Group Inc.

uCloudlink Group Inc. (UCL) priced its initial public offering on Jun 11, 2020 at $18.00 per share, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $5.07B. I-Bankers was lead-left underwriter, joined by Valuable Capital and US Tiger. Skadden, Arps, Maples and Calder and Han Kun advised the company and Kirkland & Ellis and Jingtian & Gongcheng advised the underwriters.

uCloudlink Group Inc. runs a marketplace for mobile data traffic using its cloud SIM technology, which connects devices to data allowances shared by network operators through remote SIM connection. It has aggregated allowances from 230 mobile network operators in 144 countries and regions.

Status

IPO

Ticker

UCL

Exchange

Nasdaq Global Market

Priced

Jun 11, 2020

IPO price

$18.00

Market cap at IPO price

$5.07B

First filed

May 4, 2020

Underwriters

I-Bankers, Valuable Capital and US Tiger

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Kirkland & Ellis 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.