Newly public GigaCloud stock c

2022-08-24

Newly public GigaCloud stock continues rocky ride, tumbling 35%

Newly public GigaCloud Technology (NASDAQ:GCT) $GigaCloud Technology Inc(GCT)$stock continued its rocky ride on Tuesday, with shares tumbling 335%.

Shares of the e-commerce services provider opened at $32.61, climbing to a high of $34.90 before sliding to a low of $25.60 mid-morning. The stock recently changed hands at $27.75 at approximately 10:40 a.m. ET.

Hong Kong-based GigaCloud went public on Aug. 18 through a $36M initial public offering, with shares priced at $12.25 apiece. The shares finished their first session 28% higher at $15.69.

The stock soared 206% during its second day of trade on Friday, but fell 14% on Monday.

Based in Hong Kong, GigaCloud provides e-commerce solutions for the discovery, payment and shipping of large merchandise such as furniture and appliances. The company connects manufacturers based primarily in Asia with online resellers in Asia, the US and Europe.

GigaCloud: Bullish or Bearish?

【Key Points】In a volatile first trading day, GigaCloud shares rose as much as 272%. After being priced at $12.25, the IPO ended on Friday at $48, up around 290%. 【Topic】Are you bullish or bearish on this Hong Kong-based fintech company? Share to win coins!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

xiaobaii
2022-08-24
xiaobaii
like & comment please
Edmundtcw
2022-08-24
Edmundtcw
Ok
DuraiArun
2022-08-24
DuraiArun
hi
WendyGoh
2022-08-24
WendyGoh
Ok
AllanLaw7878
2022-08-24
AllanLaw7878
K
Mike7372
2022-08-24
Mike7372
[Like]

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The stock recently changed hands at $27.75 at approximately 10:40 a.m. ET.Hong Kong-based GigaCloud went public on Aug. 18 through a $36M initial public offering, with shares priced at $12.25 apiece. The shares finished their first session 28% higher at $15.69.The stock soared 206% during its second day of trade on Friday, but fell 14% on Monday.Based in Hong Kong, GigaCloud provides e-commerce solutions for the discovery, payment and shipping of large merchandise such as furniture and appliances. The company connects manufacturers based primarily in Asia with online resellers in Asia, the US and Europe.</body></html>","text":"Newly public GigaCloud stock continues rocky ride, tumbling 35% Newly public GigaCloud Technology (NASDAQ:GCT) $GigaCloud Technology Inc(GCT)$stock continued its rocky ride on Tuesday, with shares tumbling 335%. Shares of the e-commerce services provider opened at $32.61, climbing to a high of $34.90 before sliding to a low of $25.60 mid-morning. The stock recently changed hands at $27.75 at approximately 10:40 a.m. ET. Hong Kong-based GigaCloud went public on Aug. 18 through a $36M initial public offering, with shares priced at $12.25 apiece. The shares finished their first session 28% higher at $15.69. The stock soared 206% during its second day of trade on Friday, but fell 14% on Monday. Based in Hong Kong, GigaCloud provides e-commerce solutions for the discovery, payment and shipping of large merchandise such as furniture and appliances. 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