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Benzinga
Benzinga
Business
The Bamboo Works

GigaCloud Joins Wall Street Parade of China Meme Stocks

GigaCloud China IPO Nasdaq Reddit e-commerce New York Alibaba Amazon B2B

Key Takeaways:

  • GigaCloud’s shares quadrupled in their New York trading debut, as the company became the latest newly listed Chinese stock in the U.S. to post massive early gains
  • The B2B e-commerce company appears to be the latest meme stock on Wall Street, following an even more meteoric rise this month by the newly listed AMTD Digital
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