SalesTech Star

GigaCloud Technology Inc Announces Pricing of $36 Million Initial Public Offering

GigaCloud Technology | LinkedIn

GigaCloud Technology Inc (the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, 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. The gross proceeds of the Offering are expected to be approximately $36 million before deducting underwriting discounts and commissions and offering expenses. The Class A ordinary shares are expected to begin trading on the Nasdaq Global Market on August 18, 2022, under the symbol “GCT.” The offering is expected to close on August 22, 2022, subject to satisfaction of customary closing conditions.

In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase additional shares of Class A ordinary shares of up to 15% of the number of shares, respectively, sold in the Offering solely to cover over-allotments, if any. If this option is exercised in full, the total gross proceeds of the Offering including over-allotments are expected to be approximately $41 million before deducting underwriting discounts, commissions and offering expenses.

Read More: Transfix Appoints First-Ever Chief Product Officer Tony Tzeng To Continue Digital Transformation Of…

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

A registration statement on Form F-1 (No. 333-266058) relating to the securities sold in this Offering has been filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”) on August 17, 2022. The Offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, on the SEC’s website,, or by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105.

Write in to to learn more about our exclusive editorial packages and programs.