HK-based mobile data traffic sharing platform uCloudlink set sights on $61m Nasdaq IPO

HK-based mobile data traffic sharing platform uCloudlink set sights on $61m Nasdaq IPO

A woman holds an iPhone in her hands. Photo: Priscilla Du Preez

Hong Kong-based mobile data traffic sharing marketplace uCloudlink has priced its proposed initial public offering (IPO) on the Nasdaq to raise up to $61.23 million, according to an updated prospectus lodged with the US Securities and Exchange Commission (SEC).