And the silver medal goes to… Tuya! Well, for now at least, unless someone else comes around to challenge its spot on the podium.
Here’s how the win went down:
The Tencent-backed Chinese software company priced its initial public offering at $21 per share. Tuya then sold 43.59 million shares, and so it raised an astounding $915m in its US stock market debut, making this the second biggest American IPO by a Chinese company this year.
PS, following its public listing, Tuya hit a market valuation of $11.8b — wow!