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YXT.com Group Holding announced the appointment of Marcum Asia CPAs LLP as its new independent registered public accounting firm, effective October 31, 2024. This change replaces PricewaterhouseCoopers Zhong Tian LLP (PwC), following approval from the company's audit committee and board of directors. The decision was not due to any disagreements on accounting principles, financial statements, or auditing procedures. PwC's audit reports for fiscal years 2022 and 2023 contained no adverse opinions or modifications. Marcum Asia will audit the company's consolidated financial statements for the fiscal year ending December 31, 2024.
YXT.com Group Holding , a leader in China's digital corporate learning industry, has expanded its customer base to include over 200 Fortune 500 companies in China. The company's partnerships with industry leaders like Hyundai Motor China, Shiseido China, BOE Technology, SANY Group, and Hailiang Group highlight its competitive edge in providing AI-powered corporate learning solutions.
Clients praise YXT.com's comprehensive 'software + content + service' integrated solution for enhancing talent development and driving business growth. The company's impact extends beyond traditional training methods, as demonstrated by a successful collaboration with a leading Chinese automotive brand, where YXT.com's live streaming sales techniques training yielded impressive results in sales leads, average customer value, and lead conversion rate.
YXT.com Group Holding announced the closing of its initial public offering (IPO), raising approximately US$25.0 million in gross proceeds. The offering included 2,273,000 American depositary shares (ADSs) at US$11.00 per ADS, each representing three Class A ordinary shares. The ADSs began trading on the Nasdaq Global Market under the ticker symbol YXT on August 16, 2024.
The underwriters, Kingswood Capital Partners, , and Tiger Brokers (NZ) , have an option to purchase up to 340,950 additional ADSs within 30 days from the final prospectus date. The company plans to use the offering proceeds to expand its market presence in the digital corporate learning industry in China.
The registration statement for the offering was declared effective by the United States Securities and Exchange Commission (SEC). For more information, contact Kingswood Capital Partners,
YXT.com Group Holding , a leader in China's digital corporate learning industry, has priced its initial public offering (IPO) of 2,273,000 American depositary shares (ADSs) at $11.00 per ADS. The total offering size is approximately $25 million. Each ADS represents three Class A ordinary shares. Trading is expected to begin on August 16, 2024, on the Nasdaq Global Market under the ticker symbol 'YXT'. The offering is set to close on August 19, 2024. Underwriters have a 30-day option to purchase up to 340,950 additional ADSs. Kingswood Capital Partners, and Tiger Brokers (NZ) are acting as underwriters, with Kingswood as the representative.
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