Two IPOs went public in the week of August 15, 2022 led by GigaCloud Technology Inc. (NASDAQ: GCT), a wholesale marketplace operator for furniture primarily manufacturing in Asia, raised $36 million at a $493 million market cap and finished 292% above its IPO price.

Manufacturer of graphene products with development, manufacturing and marketing in China and Hong Kong, Graphex Group (NASDAQ: GRFX), raised $12 million at a $79 million market cap and finished 0% above its IPO price.

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