Dajian Yuncang landed in Nasdaq 28% on the first day

Economic Observation Network reporter Huang Lei on the evening of August 18th, Beijing time, GigaCloud Technology LNC officially landed on the Nasdaq Exchange in the United States. Stock code: GCT, becoming the "big product B2B out of sea".

Dajian Yuncang publicly issued 2.94 million ordinary shares A shares for the first time, priced at $ 12.25 per share, about $ 36 million in funding, and subscribed for the overall surrender 4 times.

As of August 19, 2022, Beijing time closed, Dajian Yuncang reported at $ 15.69 per share, an increase of 28.08%from the issue price. Based on the closing price, the company's total market value was 624 million US dollars.

Wu Lei, the founder of Dajian Yuncang and CEO, said that Dajian Yuncang has become the industry's leading large -scale foreign trade foreign trade B2B trading platform. Enterprise global competitiveness. In the future, Dajian Yuncang will continue to invest in core technology research and development, infrastructure construction, platform integrity system, resource integration innovation and other aspects.

The reporter was informed that on the day of the listing, the company announced that economist Chen Zhiwu and Prologis president Liu An joined the company's board of directors as an independent director.

Public information shows that Chen Zhiwu is a former professor of financial economics at Yale University (1999-2017). He is currently the director of the Institute of Global Institute of Asia, the School of Economics and Industry Administration of Hong Kong. It is also a member of the University of Hong Kong, as well as an independent director of Noah Wealth and Bai Rongyun. He served as an international consultant of the China Securities Regulatory Commission from 2012 to 2019.

Liu An is the president of Amboda China. He is responsible for leading the operation of the Anbo China China, including development and investment, capital development and business expansion. It was the head of Wanda Capital, supervising the development of capital, strategic acquisitions, and the risk management of Dalian Wanda Group, a cross -industry multinational enterprise group.

Dajian Yuncang settled in the Suzhou Industrial Park in 2013 and departed from Suzhou. It has opened office agencies in Shenzhen, Guangzhou, Ningbo, Hong Kong, and worldwide. The company has long focused on international large -scale commodity trade, transformed the traditional large -scale foreign trade model through digital trade, and provides users with full -process cross -border transactions and delivery services from supply chain docking, cross -border transactions, overseas storage and logistics, and after -sales delivery to build "Global Home Furnishing Backbone Network".

The GigaCloud platform positioned and operated by Jianyuncang is located in the B2B trading platform of large -scale commodity foreign trade B2B trading platforms. In early 2021, Yuanhe Holdings increased its holdings again.

Introduction to the company's operation mode

According to the prospectus, from 2019 to 2021, the revenue of Dajian Yuncang was US $ 122.3 million, US $ 275.5 million, and $ 414.2 million. , $ 45.49 million and $ 47.95 million. Although affected by the epidemic in 2022, the company's revenue in the first quarter still increased by 19%to US $ 112 million, achieving a profit of $ 4.739 million.

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