GigaCloud Technology Inc (GCT)

[MT101]

Deutsche trader tweeted that’s why it dropped today and now that the OS is maxed out and they can’t sell anymore shares from their IPO this is going to rocket tomorrow and the rest of the week! https://twitter.com/deutschetrader/status/1561804840778379266?s=21&t=8bnVQDNlwX7LABSlhNSR_Q

[TradeSmart.ai]

Boommmm back in all in!!! $GCT

[Sibware]

GCT:Intraday gap filled on the 30' with MACD-6 curled up and ready to cross 0 line
MACD 12 almost ready to curl up too to work in tandem with MACD 6
5' chart went overbought, doh
Let's see what they wanna do now or just stupid insiders like MEGL

[THEMASTERS_SON]

,,,,,,,Yup! We got this out the way; GigaCloud Technology Inc Announces Closing of $41 Million Initial Public Offering with Simultaneous Full Exercise of the Over-Allotment Option

Over allotment
https://finance.yahoo.com/news/gigacloud-technology-inc-announces-closing-140200562.html

[MT101]

You guys see those post?? Loving GCT more and more everyday https://twitter.com/deutschetrader/status/1561719680133255168?s=21&t=ukDic0sH0E08tdf74TM3Ug

[Sibware]

GCT:Closed offering right-on 5' full reset.Timely!!!

[MT101]

Agreed this is the Amazon of Asia and EU Right now, will only get bigger

[MT101]

This is about to fly over $100

[todd-m]

Nice update in the info box. I have been here for a while but silent and not posting.

[THEMASTERS_SON]

,,,,,,,IS THIS THE NEXT AMAZON??? “Overall, the global B2B ecommerce market is expected to reach $18.7 trillion by 2027. Moreover, the Asia Pacific currently holds the largest market share. This is a good sign for GigaCloud as it continues to grow…..”

[BCNstocks]

In them both! Looking strong PM!

GCT & AKLI > Both running Monday. The DNAA > is new symbol AKLI.

[THEMASTERS_SON]

I don’t use the app..

[Cuppy]

How do you view the iBox when you are using the app?

[diskman]

Awesome

[makinezmoney]

$GCT: Nice job on the InfoBOX............

I got a decent sized position so hey, lets bring on that $100 BREAK !

I'm here for it.


In this 1st post on the board, included is the website link directly to GigaCloud....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169719863



Just loading up as many wins as possible and directing them all over to $BDCO


GO $GCT

[THEMASTERS_SON]

,,,,,,,GOOD MORNING I UPDATED IBOX…LET’S GOOOOO!

[crudeoil24]

55.55

[BoilerRoom]

$GCT $100+ coming

[makinezmoney]

$GCT: Already $67.20 tapped in PreMARKET... BABBByyyyyyy


Helllooooooooooooooooooooooooooooooooooooooo


Ready for a BANG UP WEEK !!!!!!!!!!


$BDCO is next


GO $GCT

[dinogreeves]

Billions will be poured in this ticker by end of the week.

[crudeoil24]

JD, MACALLINE, DCM, & ORIZA HOLDINGS > MAJOR SHAREHOLDERS.

GCT

[crudeoil24]

Employees > 694 (as of 03/31/2022)
GCT

[crudeoil24]

20 warehouses worldwide > including LA, Atlanta & N.J.

[MT101]

Yes!!

[THEMASTERS_SON]

$JD holds 12% WE’RE MORE BULLISH NOW THAN EVER!!

[BigWave-Dave]

Now that $GCT has a 360k float. What are your predictions for next week?

— Just Michelle (@MaryMichelleNay) August 21, 2022

[tedgoeseast]

So I missed this Friday hopefully can get in around 50.00 premarket tomorrow morning,hard to keep track when building a new school building

[MT101]

Guys GCT did the closing bell ceremony at NASDAQ!! This is crazy. This is going to go to thousands of dollars!! What a beast this will be https://www.facebook.com/Nasdaq/videos/gigacloud-technology-gct-rings-the-nasdaq-closing-bell/3402882339940726/

[MT101]

Just confirmed $GCT float is under 400k!! Look at this post!! https://twitter.com/deutschetrader/status/1561452651283304448?s=21&t=Akb5wqz4Q4ajJtGCKGSPig

[BoilerRoom]

Thanks

[crudeoil24]

In addition, to enhance its overall interfacing experience, management states that the company sells its own inventory (or 1P) through the GigaCloud MarketPlace and to and through third-party e-commerce websites. These include Rakuten Group Inc. (PINK: RKUNY), Amazon.com Inc. (NASDAQ: AMZN) and Walmart Inc. (NYSE: WMT) in the U.S., and Wayfair Inc. (NYSE: W) in the U.K.

[crudeoil24]

Per its Form F-1, “GigaCloud Marketplace is one of the fastest growing large parcel B2B marketplaces with over $190.5 million, $414.2 million and $438.1 million of gross merchandise value, or GMV, transacted in our marketplace in 2020, 2021 and the 12 months ended March 31, 2022, respectively.”

[tw0122]

The GCT IPO made its Nasdaq debut on August 18, 2022 with 2.5 million shares at $12.25 per share. Any Chinese company you are really a vie holder not a shareholder but who cares we are just here for the ride.

https://sec.report/CIK/0001857816


Transaction Details Issuer GigaCloud Technology Inc Offering Type Initial Public Offering of Class A Ordinary Shares Price Range $10.25 - $12.25 Shares Offered 2,450,000 Class A ordinary share (or 2,817,500 Class A ordinary share if the underwriter exercises the over-allotment option to purchase additional Class A ordinary share in full) Gross Proceeds $27,562,500 (assuming pricing at the midpoint of $11.25 per share and no exercise of the over-allotment option) Listing/Symbol NASDAQ: GCT Pre-IPO Shares Outstanding 27,976,814 Class A ordinary shares and 9,326,732 Class B ordinary shares Use of Proceeds Working capital, operating expenses, capital expenditures and other general corporate purposes including funding potential strategic acquisitions, investments and alliances, although there are not any discussions or negotiations with respect to any such transaction Underwriter Aegis Capital Corp.



For additional information on underwriting compensation, see “Underwriting.”
We have granted the underwriter a 45-day option to purchase up to an aggregate of 441,000 additional Class A ordinary shares, representing 15% of the Class A ordinary shares sold in the offering, from GigaCloud Technology Inc solely to cover over-allotments, if any, at the initial public offering price less the underwriting discounts and commissions.
Immediately prior to the completion of this offering, our outstanding share capital will consist of Class A ordinary shares and Class B ordinary shares. Mr. Larry Lei Wu, our chairman of board of directors and chief executive officer, will beneficially own all of our issued Class B ordinary shares and will be able to exercise approximately 75.1% of the total voting power of our issued and outstanding share capital immediately following the completion of this offering. Holders of Class A ordinary shares and Class B ordinary shares will have the same rights except for voting and conversion rights. Each Class A ordinary share will be entitled to one vote, and each Class B ordinary share will be entitled to ten votes. Our Class A ordinary shares and Class B ordinary shares vote together as a single class on all matters submitted to a vote of our shareholders, except as may otherwise be required by law. Each Class B ordinary share will be convertible into Class A ordinary share. Class A ordinary shares will not be convertible into Class B ordinary shares under any circumstances.
Certain entities affiliated with DCM, one of our principal shareholders, have agreed to purchase, and have been allocated by the underwriter, an aggregate of 816,300 Class A ordinary shares in this offering at the initial public offering price, representing approximately 27.8% of the Class A ordinary shares being offered in this offering, assuming the underwriter does not exercise their over-allotment option. The underwriter will receive the same underwriting discounts and commissions on any shares purchased by these parties as the underwriter will on any other shares sold to the public in this offering. See “Underwriting.” Upon the completion of this offering, we will be a “controlled company” as defined under the Nasdaq Stock Market Listing Rules because Mr. Larry Lei Wu, our chairman of board of directors and chief executive officer, will hold more than 50% of our voting power for the election of directors through TALENT BOOM GROUP LIMITED and Ji Xiang Hu Tong Holdings Limited, the entities controlled by Mr. Wu. In addition, our directors, officers and certain affiliated shareholders will own a substantial majority of our shares and will be able to exercise a substantial majority of the total voting power of our total issued and outstanding ordinary shares immediately upon the completion of this offering, assuming the underwriter does not exercise the option to purchase additional Class A ordinary shares. See “Principal Shareholders” for details.
The underwriter expects to deliver the Class A ordinary shares against payment in U.S. dollars in New York, New York on or about August 22, 2022
Sole Book-Running Manager


Aegis Capital Corp.


PROSPECTUS DATED AUGUST 17, 2022

[BoilerRoom]

$GCT $100 next week. I traded this Friday made quick money. Moves on air…

[THEMASTERS_SON]

,,,,,,,,,”GCT IS THE AMAZON OF B2B”—-MY TARGET…RAISED…$180


https://www.benzinga.com/money/is-gigacloud-technology-inc-ipo-a-good-buy

[crudeoil24]

Cut and paste any documentation to back up your thinking!

A lot depends on the underwriter….we have idiots behind this offer.

[THEMASTERS_SON]

A lot depends on the underwriter….we have idiots behind this offer.

[crudeoil24]

Both technical and fundamental catalysts are ratcheting up GCT share price.

[crudeoil24]

Good post; fundamental catalysts are amazing!

[MT101]

Technically this can run wayyy higher than HKD. We have a smaller float and OS. Just 25% of the market cap of HKD would make this $2,500 a share. If we got the same amount of money that was dumped into HKD then GCT would be over $10,000 a share! Either way I think we can see $2500

[MT101]

Under 400k float!

[BigWave-Dave]

https://mobile.twitter.com/Daniel_N_Adams/status/1560985980806610947

[diskman]

$$$$$ GCT $$$$$

[crudeoil24]

GCT & AKLI > Both running Monday. The DNAA > is new symbol AKLI.

[crudeoil24]

Nice alert moonape! Agree GTC heading higher!

[lakoob2]

Are you sure there’s not a 4th type of people? Maybe in the otc, somewhere?

[moonapehodl]

My thoughts on the IPO
https://www.tiktok.com/t/ZTRfRHmgr/

[THEMASTERS_SON]

,,,,,,,,What’s the float????

[MT101]

I agree. Holding this for a couple more weeks. Def not missing out on this HKD type of run again

[Imarket13]

Could be 1500 by Friday. Float locked plus short squeeze