Tuya Inc. Announces Pricing of Global Offering
SANTA CLARA, Calif., June 27, 2022 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud development platform, today announced the pricing of its global offering (the "Global Offering") of 7,300,000 Class A ordinary shares of the Company (the "Offer Shares"), which comprises a Hong Kong public offering (the "Hong Kong Public Offering") and an international offering (the "International Offering").
- SANTA CLARA, Calif., June 27, 2022 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud development platform, today announced the pricing of its global offering (the "Global Offering") of 7,300,000 Class A ordinary shares of the Company (the "Offer Shares"), which comprises a Hong Kong public offering (the "Hong Kong Public Offering") and an international offering (the "International Offering").
- The final offering price for both the International Offering and the Hong Kong Public Offering (the "Offering Price") has been set as HK$19.30 per Offer Share.
- The net proceeds to the Company from the Global Offering, after deducting underwriting commissions, fees and estimated expenses payable by the Company in connection with the Global Offering, are expected to be HK$70.0 million (assuming the over-allotment option is not exercised).
- CMB International Capital Limited and Tiger Brokers (HK) Global Limited are the joint bookrunners and joint lead managers for the proposed Global Offering.