Tencent-backed Tuya, Connect Biopharma ready US IPOs

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By Jonathan Breen
01 Mar 2021

Tuya, an internet-of-things cloud platform provider, is eyeing around $100m from an IPO of American depositary shares (ADS).

The firm is planning to float on the New York Stock Exchange. To run the deal, Tuya has appointed Bank of America, CICC and Morgan Stanley as underwriters.

It is raising capital to fund further research and development and to invest in technology infrastructure. It will also put ...

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