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Youxin Technology, a Chinese SaaS and PaaS provider focused on retail enterprise digital transformation, has announced the pricing of its IPO of 2,300,000 Class A ordinary shares at $4.50 per share. The company expects to raise $10.35 million in gross proceeds. Trading will commence on December 20, 2024, on the Nasdaq Capital Market under the symbol YAAS.
The underwriters have a 45-day option to purchase up to 345,000 additional shares. The IPO proceeds will fund research and development of SaaS products, cloud services, sales and marketing expansion, and general corporate purposes including potential strategic investments. Aegis Capital Corp. is serving as the sole book-running manager for the offering, expected to close around December 23, 2024.
