Tuya Inc. (TUYA) Prices 43.59M ADS IPO at $21/ADS
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Tuya Inc. Announces Pricing of Initial Public Offering
March 18, 2021 9:17 AM EDTHANGZHOU, China, March 18, 2021 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a leading IoT cloud platform in China, today announced the pricing of its initial public offering of 43,590,000 American depositary shares ("ADSs"), at US$21.00 per ADS, for a total offering size of US$915.4 million, before exercise of over-allotment option for underwriters to purchase any additional ADSs. Each ADS represents one Class A ordinary share of the Company. The ADSs are expected to begin trading on the New York Stock Exchange today under the ticker symbol "TUYA." The offering is expected to close on March 22, 2021, subject... More
