Tencent-backed Chinese software firm Tuya eyes $915m in US IPO

Tencent-backed Chinese software firm Tuya eyes $915m in US IPO

Photo: Internet Archive

Tuya Inc., a software company backed by New Enterprise Associates and Tencent Holdings Ltd., is on track to raise $915 million in a U.S. initial public offering priced above its marketed range, said a person familiar with the matter.

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