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Galleinphi Filed Terms, Nasdaq: GALE

Chinese wholesaler of consumer electronics.

Industry: Consumer Discretionary

Galle Cayman is an offshore holding company incorporated in the Cayman Islands. Galle Cayman is a holding company with no material operations. The VIE and its subsidiaries are conducting wholesale businesses primarily involving electronic equipment, including (i) mobile devices, (ii) televisions, (iii) air conditioners, and other high-demand electronics in the market. From time to time, the VIE and its subsidiaries also sell other products which mainly include medical supplies, furniture, non-metallic mineral products and other items. Leveraging the strategic relationships with upstream and downstream enterprises, the VIE and its subsidiaries can navigate price fluctuations and ensure the ability to meet customers’ substantial demands for electronic devices and home appliances. The experienced sales and marketing team has helped establish and maintain stable relationships with the suppliers and customers while developing systematic strategies to monitor price fluctuations. Leveraging their expertise, the VIE and its subsidiaries strive to diversify the product portfolio and solidify the position in the wholesale chain of valuable electronic products. The VIE and its subsidiaries’ main products include Apple branded mobile devices, Xiaomi branded televisions, Midea branded air conditioners and Xiaomi smartphones.
IPO Data
IPO File Date 05/13/2024
Offer Price
Price Range $4.00 - $6.00
Offer Shares (mm) 3.0
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
Company Data
Headquarters Hangzhou, China
Founded 2021
Employees at IPO 41

Galleinphi (GALE) Performance

Created with Highcharts 10.3.2Chart context menuGALE vs. IPO Index (IPOUSA)16. Dec23. Dec30. Dec6. Jan13. Jan20. Jan27. Jan3. Feb10. Feb17. Feb24. Feb3. Mar10. Mar-20%-10%0%-30%+ 10%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index