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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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