Futu News on July 4th mentioned, on Monday of this week $TUYA-W (02391.HK)$Announced that the company issued 7.3 million shares, priced at HK$19.30 per share, in lots of 200 shares, expected to be listed on July 5th.
During the public offering phase, Graffiti Asia Vets received 9.95 times oversubscription, with the final number of shares allocated to the public offering being 0.73 million shares, representing approximately 10% of the total shares offered (before any exercising of the oversubscription rights). A total of 3981 valid applications were received, with a 18.03% chance of allotment in each successful application.
In addition, the international offering has been oversubscribed, with the final number of shares offered being 6.57 million shares, equivalent to approximately 90% of the total number of shares offered (before any exercise of over-allotment options). Futu News has compiled the relevant data in the table below:
According to the prospectus,TuYa Smart has established the world's first Internet of Things cloud development platform.This gives TuYa Smart many first-mover advantages in the global Internet of Things PaaS field. According to information from Torch Insight, TuYa Smart established the Internet of Things cloud development platform in May 2015, ahead of the main competitors in the global Internet of Things PaaS industry. TuYa Smart was listed on the NYSE in March 2021, as of the US Eastern Time on July 1st, the stock closed at $2.57 per share with a total market value of $1.468 billion. $Tuya Inc (TUYA.US)$
Graffiti Asia Vets provides various services through the company's Internet of Things cloud development platform...