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)
Aegis Capital Corp. acted as the Sole Bookrunner for GigaCloud Technology Inc.'s $41 Million IPO, which was successfully completed with a full exercise of the over-allotment option. GigaCloud Technology focuses on B2B ecommerce for large parcel merchandise, connecting manufacturers in Asia with resellers in the U.S., Asia, and Europe through its GigaCloud Marketplace. Launched in January 2019, the marketplace has expanded from furniture to home appliances and fitness equipment, offering comprehensive logistics solutions at a fixed price.
- Successful IPO raising $41 Million, enhancing liquidity.
- Expansion into new product categories, indicating growth potential.
- Strong B2B ecommerce platform connecting global manufacturers and resellers.
- None.
NEW YORK, NY / ACCESSWIRE / August 22, 2022 / Aegis Capital Corp. acted as Sole Bookrunner on a
About GigaCloud Technology Inc.
GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. The Company's B2B ecommerce platform, which it refers to as the "GigaCloud Marketplace," integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company's 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 Company offers a true comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment.
For more information, please visit the Company's website: https://investors.gigacloudtech.com/.
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
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