The Tencent-backed internet-of-things platform developer has reportedly priced its shares above their range and will list on the New York Stock Exchange.
Tuya, a China-based internet-of-things (IoT) technology provider backed by internet group Tencent, has priced its initial public offering to raise $915m, Bloomberg reported yesterday.
The company priced approximately 43.6 million shares at $21.00 each, above the IPO’s $17 to $20 range, and is set to float on the New York Stock Exchange.
Tencent has expressed interest in acquiring $100m of shares in the offering, a portion of a prospective $500m of share purchases by existing Tuya shareholders.
Canada Pension Plan…
