JD-backed GigaCloud Technology trims US IPO target to $28m

JD-backed GigaCloud Technology trims US IPO target to $28m

Photographer: Victor J. Blue/Bloomberg

GigaCloud Technology, the Hong Kong-based operator of a cross-border B2B marketplace for large parcel merchandise, has trimmed the target size for its upcoming initial public offering (IPO) in the US to about $28 million, its latest filing showed.