{"id":12900,"date":"2022-08-11T16:43:28","date_gmt":"2022-08-11T13:43:28","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=12900"},"modified":"2024-04-15T13:51:47","modified_gmt":"2024-04-15T10:51:47","slug":"ipo-of-gigacloud-technology-a-marketplace-for-sme","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2022\/08\/11\/ipo-of-gigacloud-technology-a-marketplace-for-sme\/","title":{"rendered":"IPO of GigaCloud Technology: A Marketplace For SME"},"content":{"rendered":"\n

In today’s article, we’ll take a closer look at GigaCloud Technology, Inc., the company that has developed comprehensive solutions for the B2B ecommerce. On 19 August, it is planning to go public by listing on the NASDAQ under the “GCT” ticker symbol.<\/p>\n\n\n\n

\"IPO<\/figure>\n\n\n\n

<\/span><\/a>What we know about о GigaCloud Technology<\/span><\/h2>\n\n\n\n

GigaCloud Technology develops and sells all-in-one B2B ecommerce solutions for large shipments, such as furniture, household appliances, or fitness equipment. The issuer’s platform connects manufacturers from Asia with commercial intermediaries from the US and Europe.<\/p>\n\n\n\n

\"Business<\/a>
Business of GigaCloud Technology<\/em><\/figcaption><\/figure>\n\n\n\n

GigaCloud Technology was established in Hong Kong. Larry Lei Wu has been the company’s CEO since 2006. Prior to that, he was holding a similar position at New Oriental Education & Technology Group and proved himself to be a highly trained professional.<\/p>\n\n\n\n

\"Business<\/a>
Business of GigaCloud Technology<\/em><\/figcaption><\/figure>\n\n\n\n

The company helps clients handle cross-border transactions by transporting goods and products from warehouses to ultimate customers at a fixed price. In 2021, GigaCloud Marketplace’s gross product worth was almost $414 million.<\/p>\n\n\n\n

\"Business<\/a>
Business of GigaCloud Technology<\/em><\/figcaption><\/figure>\n\n\n\n

As of 31 March 2022, the company had 21 warehouses in the US, Japan, the United Kingdom, and Germany. In the 12-month period that ended on 31 March 2022, the platform’s trade volume was $438 million; the numbers of active merchants and clients were 410 and 3,782, respectively.<\/p>\n\n\n\n

\"Business<\/a>
Business of GigaCloud Technology<\/em><\/figcaption><\/figure>\n\n\n\n

The amount of investment already raised by GigaCloud Technology is $65 million. The anchor investors were DCM Ventures and JD.com.<\/p>\n\n\n\n

<\/span><\/a>The prospects of GigaCloud Technology’s target market<\/span><\/h2>\n\n\n\n

According to market research published by Frost & Sullivan, the US B2B ecommerce market was estimated at $1.3 trillion in 2020. By 2025, it is expected to reach $2.2 trillion.<\/p>\n\n\n\n

\"The<\/a>
The target market of GigaCloud Technology<\/em><\/figcaption><\/figure>\n\n\n\n

Consequently, the Compound Annual Growth Rate (CAGR) could be 10.7% from 2020 to 2025. The main catalysts for this growth are the increasing usage of smartphones for shopping online, the rise of new ecommerce platforms, and the development of alternative payment solutions.<\/p>\n\n\n\n

\"Forecasts<\/a>
Forecasts for the US ecommerce market<\/em><\/figcaption><\/figure>\n\n\n\n

The key competitors are:<\/p>\n\n\n\n