B2B trading platform Dajian Yuncang landed on Nasdaq, JD.com is a major shareholder

On August 18, 2022, Eastern Time, Dajian Yuncang was listed on the Nasdaq with a stock code "GCT". The starting price was $ 12.25 and issued 2.94 million Acts of A common shares. Before deducting the underwriting discounts and commissions and the issuance fee, the total income of this issuance is expected to be about $ 36 million.

On the first day of listing, Dajian Yuncang rose over 68%. As of the close of the day, Dajian Yuncang reported at $ 15.69, up 28.08%, with a total market value of 624 million US dollars.

Dajian Yuncang is a B2B trading platform engaged in large -scale goods exports. Dajian Yuncang focuses on the trade in international large -scale commodities, transforms the traditional foreign trade industry through digital trade, and provides online or offline comprehensive cross -border transactions and delivery services for large -scale commodities worldwide. In 2019, the company launched a large e -commerce platform GigaCloud Marketplace under the Hong Kong subsidiary.

For the 12 months ended March 31, 2022, GigaCloud Marketplace's GMV GMV was US $ 438 million, and the same period last year was US $ 259 million.

In terms of finance, three months from 2019-2019 and three months as of March 31, 2021 and March 31, 2022, the company's total revenue was US $ 122.3 million, US $ 275.5 million, US $ 414.2 million, $ 94.5 million and USD 94.5 million and USD 94.5 million and USD 94.5 million and US $ 94.5 million. $ 122.4 billion; net profit was US $ 2.9 million, US $ 3.7.5 million, $ 29.3 million, $ 8 million, and $ 4.7 million, respectively.

The prospectus shows that in the shareholders' structure before listing, Jingdong held 11.3%of the shares, and Red Star Macalline held 7.9%.

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