SCHEDULE 13G/A: New Enterprise Associates Affirms 7.4% Stake in Tuya Inc. Through Amended SEC Filing
Beneficial Ownership Disclosure
New Enterprise Associates and its affiliated entities have filed an amended Schedule 13G, reporting a collective beneficial ownership of 7.4% of Tuya Inc.'s Class A ordinary shares as of December 31, 2024.
Summary
- New Enterprise Associates (NEA) and its affiliated entities, including NEA 14, NEA 15 Opportunity Fund, and their respective general partners, have filed an Amendment No. 3 to Schedule 13G.
- The filing reports their beneficial ownership in Tuya Inc.'s Class A ordinary shares, par value $0.00005 per share.
- As of December 31, 2024, the aggregate amount beneficially owned by the primary reporting group is 39,457,733 Class A ordinary shares.
- This represents 7.4% of Tuya Inc.'s Class A ordinary shares, calculated based on 534,399,149 shares reported by the Issuer to be outstanding as of January 31, 2025.
- NEA 14 is the record owner of 35,821,715 Ordinary Shares.
- NEA 15 Opportunity Fund is the record owner of 3,636,018 Ordinary Shares.
- The reporting persons, including individuals like Forest Baskett, Anthony A. Florence, Jr., Mohamad H. Makhzoumi, and Scott D. Sandell, share voting and dispositive power over these shares.
- Patrick J. Kerins is noted with shared voting and dispositive power over 35,821,715 shares, representing 6.7% of the class.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership, which is purely factual and does not contain qualitative assessments, forward-looking statements, or performance metrics that would indicate a positive or negative sentiment.
Positives
- A significant institutional investor, New Enterprise Associates (NEA), maintains a substantial beneficial ownership stake of 7.4% in Tuya Inc., indicating continued interest.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence investor perception and confidence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement. |
| 01/31/2025 | Date as of which Tuya Inc. reported 534,399,149 Ordinary Shares outstanding on Form 6-K. |
| 02/06/2025 | Date Tuya Inc. filed Form 6-K reporting outstanding shares. |
| 02/14/2025 | Date of execution and filing of this Schedule 13G Amendment No. 3. |
Keywords
Tuya Inc., New Enterprise Associates, NEA, Schedule 13G, beneficial ownership, Class A ordinary shares, institutional ownership, SEC filing, investment
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