UCloud(SH:688158) Zhong Guo Jing Ji Wang·2025-07-22 08:40Summary of Key Points Core Viewpoint - UCloud (688158.SH) is currently experiencing a decline in stock price, closing at 24.04 yuan with a drop of 7.22%, resulting in a total market capitalization of 10.97 billion yuan, indicating that the stock is in a state of underperformance [1] Group 1: IPO and Fundraising - UCloud was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 20, 2020, with an initial offering price of 33.23 yuan per share [1] - The total number of shares issued during the IPO was 58.5 million, with a total fundraising amount of 1.944 billion yuan, and a net amount of 1.840 billion yuan after deducting issuance costs [1] - The funds raised were allocated to various projects, including a multimedia cloud platform, a data security circulation platform, a new generation AI service platform, and a data center project in Ulanqab, Inner Mongolia [1] Group 2: Follow-on Offering - On February 16, 2022, UCloud announced the results of a specific stock issuance, with a price of 23.11 yuan per share and 30,289,917 shares issued [2] - The total amount raised from this issuance was approximately 700 million yuan, with a net amount of about 691.29 million yuan after deducting issuance costs [2] - The combined fundraising from the IPO and the follow-on offering amounted to 2.644 billion yuan [2]