UTime Limited

UTME

We are committed to providing cost-effective mobile devices to consumers globally and to helping low-income individuals from established markets, including the United States, and emerging markets, including India and countries in South Asia and Africa, have better access to updated mobile technology.

We are mainly engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. We also provide Electronics Manufacturing Services (“EMS”), including Original Equipment Manufacturer (“OEM”), which we manufacture products solely pursuant to customers’ orders, and Original Design Manufacturer (“ODM”) services, which we not only manufacture but also design products based on clients’ demand, for well-known brands, such as TCL Communication Technology Holdings, Ltd., a subsidiary of TCL Corporation, Haier Electronics Group Co., Ltd., a subsidiary of Haier Group Corporation and Quality One Wireless LLC, a global leader in wireless distribution based in Orlando, Florida. Our operations are based in China but most of our products are sold overseas, including India, Brazil, the United States, and other emerging markets countries in South Asia and Africa as well as Europe.

We have two in-house brands, “UTime,” which is known as our middle-to-high end label and targets middle class consumers from emerging markets; and “Do”, as our low- to mid-end brand, is positioned to the majority of grassroots consumers and price-sensitive consumers in emerging markets. Our prime end user groups are segmented into regions like South America, South Asia, Southeast Asia and Africa.

We value systematic management and organize production with strictly high-quality standards and production technology. We continuously endeavor to improve our overall manufacturing service level, to strengthen our cost control processes, and to enhance our ability to respond rapidly to market dynamics in order to ensure a sustainable development in our EMS segment, especially in Printed Circuit Board and Assembly (“PCBA”) for consumer electronic products.

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$4.00 3,750,000 Positive High 44.77%

Offering Team

Deal Managers

  • Boustead Securities

Lawyers

  • Ellenoff Grossman & Schole LLP

Auditors

  • BDO China Shu Lun Pan, CPAs, LLP

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

05 Apr, 2021

Offer

06 Apr, 2021

Look Ahead

Lock Up Expiry

06 Oct, 2021

Earning

Nov 1, 2018

IPO Terms

Offer Price $4.00
Offer Size 3M

Market Sentiments

Stock Price