Gigacloud Tech

GigaCloud Technology, Inc. operates as an online business to business marketplace platform for furniture and other bulk products. It is a Business-to-Business trade platform, specializing in heavy, and large merchandise, optimized for the furniture sector. The company was founded by Lei Wu on August 29, 2006 and is headquartered in Hong Kong.

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Gigacloud Tech reports strong Q3 earnings and growth strategies

Gigacloud Tech's Q3 performance reflects robust growth, financial strength, and strategic initiatives to create shareholder value.
While facing challenges such as revenue breakdown and margin expectations, the company remains confident in its growth trajectory.
Opportunities lie in expanding the marketplace ecosystem, strategic acquisitions, and optimizing pricing strategies for sustained growth and profitability.

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GigaCloud Technology, Inc. specializes in global end-to-end business-to-business (B2B) electronic commerce (e-commerce) for large parcel merchandise. The firm's B2B ecommerce platform, which it refers to as the GigaCloud Marketplace, integrates everything from product discovery, payments, and messaging portals, leveraging channel diversification for suppliers, while resellers gain access to thousands of products backed by a complete logistics package. Its global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. The firm offers a comprehensive solution that transports products from the manufacturer's warehouse to the end customer’s doorstep, all in one place. The company was founded by Lei Wu on August 29, 2006 and is headquartered in El Monte, CA.

NEW YORK, NY / ACCESSWIRE / August 22, 2022 / Aegis Capital Corp. acted as Sole Bookrunner on a $41 Million (IPO) Initial Public Offering with Simultaneous Full Exercise of the Over-Allotment Option for GigaCloud Technology Inc. (NASDAQ:GCT). About GigaCloud Technology Inc. GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise.

Aegis Capital Corp. acted as Sole Bookrunner on a $41 Million (IPO) Initial Public Offering with Simultaneous Full Exercise of the Over-Allotment Option for GigaCloud Technology Inc. (NASDAQ: GCT)

HONG KONG, Aug. 22, 2022 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced the closing of its initial public offering, and simultaneous closing of the full over-allotment option of 3,381,000 Class A ordinary shares at a public offering price of $12.25 per Class A ordinary share (the “Offering”). The gross proceeds of the Offering were approximately $41 million before deducting underwriting discounts and commissions and offering expenses. The Class A ordinary shares began trading on the Nasdaq Global Market on August 18, 2022, under the symbol “GCT.”

GigaCloud Technology Inc Announces Closing of $41 Million Initial Public Offering with Simultaneous Full Exercise of the Over-Allotment Option

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GigaCloud extends gains on Monday after soaring more than 200% on Friday.

GigaCloud Stock Surges. Shares of Meme Old-Timers AMC and GameStop Tumble.

The Chinese e-commerce solutions company soared after going public.

Is It Too Late to Buy GigaCloud Technology Stock?

GigaCloud's shares quadrupled in their New York trading debut, as the company became the latest newly listed Chinese stock in the U.S. to post massive early gains. The B2B e-commerce company appears to be the latest meme stock on Wall Street, following an even more meteoric rise this month by the newly listed AMTD Digital.

GigaCloud Joins Wall Street Parade Of China Meme Stocks

GigaCloud Technology provides an ecommerce logistics marketplace and related logistics services for businesses needing to deliver large parcel goods. GCT stock is up 205% since its IPO and many investors think it may be the next HKD stock.

GigaCloud Technology: GCT Could Be The Next HKD 100x Stock

A fresh IPO is giving investors an opportunity to buy into this growth story early.

Why GigaCloud Stock Soared Higher on Friday

Shares of GigaCloud Technology Inc. GCT, +143.98% rocketed again it their sophomore session on Nasdaq, to trade at more than four-times the initial public offering price. The Hong Kong-based business-to-business (B2B) ecommerce platform for large parcel merchandise went public on the Nasdaq on Thursday, after the company raised about $36 million by selling 2.94 million shares at an IPO price of $12.25 a share.

GigaCloud stock accelerates gains in sophomore session, to trade more than 4 times the IPO price

Hong Kong-based GigaCloud Technology (NASDAQ: GCT ) made its debut on the Nasdaq today and it quickly skyrocketed. Wall Street had good reason to be watching GCT stock keenly.

GigaCloud (GCT) Stock Pops 40% on First Day of Trading

E-commerce firm generates all of its revenue outside China and says it is prepared to switch auditors if needed to satisfy U.S. regulatory requirements.

China's GigaCloud Goes Public in U.S., Bucking Delisting Trend

HONG KONG, Aug. 18, 2022 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today 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.

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

News for Gigacloud Tech Stock (GCT)