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IPO Update: UTime Tries U.S. IPO Effort Again

Apr. 05, 2021 4:52 PM ETUTime Limited (WTO)5 Comments


  • UTime has filed to raise $17 million in a U.S. IPO.
  • The firm sells low-cost phones and related accessories.
  • UTME has produced uneven results and operates in a low margin, highly competitive business requiring scale it doesn't yet have, so I'll watch the IPO from the sidelines.
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Quick Take

UTime (UTME) has filed to raise $17 million from the sale of its common stock in an IPO, according to an amended registration statement.

The company designs and manufactures low

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This article was written by

Donovan Jones profile picture

Donovan Jones is an IPO research specialist with 15 years of experience identifying opportunities for IPOs. He focuses on high-growth technology, consumer, and life science companies.

He leads the investing group IPO Edge which offers: actionable information on growth stocks through first look S-1 filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates. Learn more.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (5)

White Diamond Research profile picture
Update: Right now at 7am the day after the IPO, UTME is trading at $54. The IPO price was $4. I took part in the IPO and sold at $40. It seemed like i had gotten close to the top, but I didn't. Looks like it's pulling a "WNW" move, which went from the $5 IPO price to a high of $160 the next day.
Ocinv profile picture
07 Apr. 2021
@White Diamond Research
First, BS if you had taken part in the ipo you would have said so yesterday.
Second, 43% of their revenue was from grandpa-type feature phones and apparently according to some chinese webpages, another 25% of their revenue since March 2020 was from selling masks. Lol this is not going to end well.
Capital Gains profile picture
@White Diamond Research if you got it at 4 bucks a share what was the rush to sell it so fast? besides short term capital gains tax, it does not make sense
White Diamond Research profile picture
@MOMENTUS_2020 I pretty much got the top at the time. It halted about 4 or 5 times before i sold. Then it fell back down to about $25. So I was happy with the sale at the time, obviously regret it now. It pulled a repeat of WNW. I'll definitely hold an extra day if a similar scenario happens in the future.
White Diamond Research profile picture
Staying on the sidelines? As I write this, UTME is up 485%. Looking at fundamentals are important, but also important is supply and demand for the shares, and sometimes fundamentals take a back seat to that.
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