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Tuya Inc (NYSE: TUYA) - Growth to Accelerate Following 13% Stake Purchase by 65 Equity Partners

ツーヤ(nyse:TUYA)- 65エクイティ・パートナーズによる13%の出資取得に続く成長の加速

Benzinga ·  12/03 09:24

Summary

Temasek-backed 65 Equity Partners bought 13% stake in Tuya Inc. (NYSE:TUYA), implying a total investment of US$100 million (or S$134M). The fund's mandate is to support high growth, mid-cap companies seeking a listing on the Singapore Exchange (SGX). The listing will benefit Tuya Inc. by providing easy access to capital and liquidity. Tuya Inc. will be able to use stock as a currency to fund its expansion plans in Southeast Asia.

The Company is a leading provider of IoT platform services which enables businesses to make their devices 'smart'. Tuya offers a one-stop platform including PaaS...

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