IPO Update: GigaCloud Technology Readies $40 Million U.S. IPO

Summary

  • GigaCloud Technology has filed proposed terms for a $39.4 million U.S. IPO.
  • The firm provides a range of ecommerce and related logistics services for businesses with large parcel goods.
  • GCT has grown revenue but that growth rate is dropping, operates in a low net margin business and faces growth and regulatory risks, so I'm on Hold for the IPO.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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Thomas Barwick

A Quick Take On GigaCloud Technology

GigaCloud Technology (NASDAQ:GCT) has filed to raise $39.4 million in gross proceeds from the sale of its Class A common stock in an IPO, according to an amended registration statement.

The

U.S. Large Parcel Online Markets

U.S. Large Parcel Online Markets (SEC EDGAR)

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