uCloudlink (UCL) IPO Opens 25% Higher

uCloudlink (AMEX: UCL) IPO opens at $22.50 after pricing 2,010,000 American depositary shares, at US$18.00 per ADS

I-Bankers Securities, Inc. and Valuable Capital Limited are acting as the joint bookrunners of the offering and representatives of the underwriters. Tiger Brokers (NZ) Limited is acting as co-manager of the offering.

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, according to Frost & Sullivan, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, all while providing reliable connectivity, high speeds and competitive pricing.

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