![]() ![]() ![]() UTime joins a growing list of companies that are seeing shares soar on Wednesday. UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and. UTME stock was up 113.4% as of Wednesday afternoon. It’s also unknown just how well these glasses would be able to compete against possible offerings from larger rivals such as Apple (NASDAQ: AAPL) or Alphabet (NASDAQ: GOOGL, GOOG).The idea of a budget company offering Bluetooth glasses when many larger companies haven’t entered the space yet is strange.One of its more interesting plans is Bluetooth glasses. We have acted as counsel as to Cayman Islands law to UTime Limited (the Company) in connection with the Company’s registration statement on Form F-1, including all amendments or supplements thereto, filed with the United.UTME hopes to fix this with the extra development that funds from the offering will allow.The company’s focus on cheap phones means that it doesn’t yet have one that offers 4G to customers.UTime wants to use the funds gained from its IPO to expand its business. NEW YORK, Ap/PRNewswire/ - UTime Limited ('UTime' or the 'Company') (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally, today announced the pricing of its initial public offering of 3,750,000 shares of its ordinary shares at a price of.Brilliant Norton Securities Company Limited and Fosun Hani Securities Limited are acting as co-underwriters for the offering.Boustead Securities is the lead underwriter of the UTime IPO.UTime shares jumped 875 on Tuesday after the company priced its IPO at. The company is a manufacturer of lower cost mobile phones and related accessories. That set the company up to earn $15 million in gross proceeds from the IPO. Ap5:01 AM 5 min read Gainers UTime Limited UTME shares jumped 110.7 to close at 82.17 on Wednesday. UTime (UTME) intends to raise 17 million in an IPO of its common stock, per an amended registration statement.This saw the company offering up 3.75 million shares of UTME stock at a price of $4 each.We are offering 3,750,000 of our ordinary shares. ![]() ![]() RENAISSANCE IPO ETF, OTHER, 759937204, 15, 500, SH, OTR, 1, 0, 500, 0. This is the initial public offering of ordinary shares of UTime Limited, a Cayman Islands exempted company. UTime only just launched its IPO on Tuesday. AXIS CAPITAL HOLDINGS LTD, COMMON STOCK, G0692U109.That has it working to create devices and products that are cost-effective. China-based technology firm UTime Limited (UTME) conducted a blow-the-doors-off IPO earlier this month, in which its stock opened with triple-digit percentage price gains.Instead, the company is aiming at budget customers in established and emerging markets.Unlike most mobile comapnies, UTME isn’t aiming for big spenders.UTime is a Chinese mobile company focused on developing and manufacturing phones, accessories, and other related products.Has lost 4.Here’s everything investors need to know about UTME stock. The company went public at a time that the Renaissance IPO ETF The company recorded a net loss of RMB21.7 million ($3.1 million) on revenue of RMB193.1 million ($27.3 million) in 2020, after a loss of RMB11.9 million on revenue of RMB238.1 million in 2019. The stock has been halted nine times for volatility so far on Wednesday, after being halted 14 times for volatility on Tuesday. With the stock now trading nearly 23 times the IPO price, the company's current market value was $752.4 million, up from $33.1 million at the IPO price. The company sold 3.75 million shares in the IPO to raise $15 million. was a former subsidiary of Nollec Wireless. On Tuesday, the stock closed at $39, or 875% above its $4 initial public offering price, which was at the low end of the expected range of between $4 and $5 a share. It sells its products under the UTime and Do brand names in South America. SHENZHEN, CHINA, (GLOBE NEWSWIRE) UTime Limited (NASDAQ: UTME) (UTime), a mobile device manufacturing company focused on China and other emerging markets, today announced that the company’s Board of Directors has appointed Weiyuan Wang to the Board. exchanges, in the China-based mobile phone maker's second day of trading on the Nasdaq. Soared 133.3% in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. ![]()
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