A year later, however, its updated financial data shows an upturn. listing in March 2020, showing declining sales. The company first publicly filed for a U.S. investors' interest toward small-cap Chinese companies. Today, however, UTime celebrates with fanfare, enjoying U.S.
(Nasdaq: EM) was among those that experienced the IPO troubles first-hand as it debuted on Friday. Bloomberg interpreted the numerous delays early this quarter as a sign of market weakness, citing the postponements and size reductions across global exchanges. UTime appeared on Nasdaq's schedule for planned lift-off on April 1, but was taken off the IPO list by midday.
Earlier today, UTME stock surged over 1000% on heavy volume and has halted a number of times.īoustead Securities, Brilliant Norton Securities, and Fosun Hani Securities are underwriting the deal. The company sold 3.8 million shares and raised $15.2 million for purposes including expanding in the U.S. UTime priced its offering at $4 per share, the low end of the expected range of $4 to $5. In the afternoon, shares in the Chinese budget phone maker traded 602% above issue price, at $28.07 apiece. (Nasdaq: UTME) has enjoyed a striking good debut Tuesday after last week's postponement. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.UTime Ltd. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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