Yimutian Inc. Announces Pricing of $20.541 Million Initial Public Offering

Rhea-AI Summary

Yimutian (NASDAQ:YMT), a leading Chinese agricultural B2B platform, has announced the pricing of its IPO at $4.10 per ADS, with each ADS representing 25 Class A ordinary shares. The company is offering 5,010,000 ADSs for a total offering size of $20.541 million.

The offering consists of 4,522,000 ADSs from the company and 488,000 ADSs from selling shareholders. US Tiger Securities is serving as the underwriter, with a 45-day option to purchase up to 678,300 additional ADSs. Trading is set to commence on August 19, 2025, under the symbol "YMT" on the Nasdaq Stock Market.

The proceeds will fund the enhancement of digital agricultural commerce services, technological infrastructure development, and expansion of agricultural sourcing and trading services.

Positive

• IPO provides fresh capital of $20.541 million for business expansion
• Strategic focus on enhancing digital agricultural commerce and technological infrastructure
• Listing on major exchange (Nasdaq) increases visibility and access to capital markets

Negative

• Relatively small IPO size may limit growth potential
• Significant portion of shares (488,000 ADSs) being sold by existing shareholders rather than raising new capital
• Potential dilution for future shareholders if additional 678,300 ADS option is exercised

Insights

IPO Financial Analyst

Yimutian's $20.54M IPO provides modest capital for its Chinese agricultural B2B platform, with funds targeted toward digital expansion and infrastructure.

Yimutian's IPO pricing reveals a relatively small offering of $20.54 million through 5.01 million American Depositary Shares priced at $4.10 each. This positions the company at the lower end of the tech IPO spectrum, suggesting a cautious market approach. The offering structure shows the company itself selling 4.52 million ADSs while existing shareholders exit partially through 488,000 ADSs.

The specified use of proceeds focuses on three strategic areas: enhancing digital agricultural commerce services, developing technological infrastructure for new initiatives, and expanding agricultural sourcing and trading services. This allocation reflects Yimutian's commitment to strengthening its competitive position in China's agricultural B2B sector.

The modest offering size could limit Yimutian's ability to execute aggressive growth plans, especially considering the capital-intensive nature of B2B marketplace scaling. With US Tiger Securities as the sole underwriter, the offering lacks the market validation typically seen with multiple large investment banks supporting an IPO.

The company has secured the "YMT" ticker on Nasdaq, giving it visibility on a major exchange despite the smaller offering size. While this provides access to public markets for future capital raises, the initial raise suggests Yimutian is testing public market reception rather than pursuing transformative growth capital.

BEIJING, Aug. 19, 2025 /PRNewswire/ -- Yimutian Inc. ("Yimutian" or the "Company") (Nasdaq: YMT), a leading agricultural B2B platform in mainland China, today announced the pricing of its initial public offering (the "Offering") of 5,010,000 American depositary shares ("ADSs"), each representing 25 Class A ordinary shares, at a price of $4.10 per ADS for a total offering size of approximately $20.541 million, assuming the underwriter does not exercise its option to purchase additional ADSs. The Company is offering 4,522,000 ADSs, and the selling shareholders are offering 488,000 ADSs. In addition, the Company has granted the underwriter a 45-day option to purchase up to an aggregate of 678,300 additional ADSs from the Company at the initial public offering price less the underwriting discounts and commissions.

The Company intends to use the net proceeds from the Offering for the enhancement and expansion of its digital agricultural commerce services of its apps, the development of technological infrastructure and product operations in relation to its new business initiatives, the expansion of its agricultural sourcing and trading services and working capital and general corporate purposes.

The ADSs have been approved for listing and are expected to begin trading on Nasdaq Stock Market on August 19, 2025 under the symbol "YMT." The offering is expected to close on or about August 20, 2025, subject to satisfaction of customary closing conditions.

US Tiger Securities, Inc. acts as the representative of the underwriter.

A registration statement related to these securities has been filed with and declared effective by the United States Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus, forming a part of the effective registration statement. When available, copies of the final prospectus relating to the offering may be obtained by contacting the following underwriter: US Tiger Securities, Inc., 437 Madison Ave, 27/F, New York, NY 10022, United States of America, or by telephone at +1-646-978-5188, or by emailing ecm@ustigersecurities.com. 

About Yimutian Inc.

Yimutian Inc., is a leading agricultural B2B platform in mainland China. Over a decade, the company has been dedicated to digitalizing China's agricultural product supply chain infrastructure to streamline the agricultural product transaction process, and making it efficient, transparent, secure, and convenient.

As of March 31, 2025, Yimutian served over 39 million merchants and hosted approximately 21 million SKUs. In 2024, the company connected over 770,000 sellers and over 6 million buyers, highlighting its robust transaction volume and engagement.

Powered by profound industry expertise and accumulated market insights, Yimutian delivers a full suite of digital services—from search and match to transaction facilitation and settlement. In recent years, Yimutian has ventured into the realm of smart farming and agricultural sourcing and trading, further broadening its commercialization channels and bolstering other business lines.

For more information, please visit ir.ymt.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, these forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

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SOURCE Yimutian Inc.

FAQ

What is the IPO price for Yimutian (YMT) stock?

Yimutian has priced its IPO at $4.10 per ADS, with each ADS representing 25 Class A ordinary shares.

How much money is Yimutian (YMT) raising in its IPO?

Yimutian is raising approximately $20.541 million through its IPO, offering a total of 5,010,000 ADSs.

When will Yimutian (YMT) start trading on Nasdaq?

Yimutian (YMT) is scheduled to begin trading on the Nasdaq Stock Market on August 19, 2025.

How will Yimutian (YMT) use its IPO proceeds?

Yimutian will use the proceeds for enhancing digital agricultural commerce services, developing technological infrastructure, expanding agricultural sourcing and trading services, and working capital.

Who is the underwriter for Yimutian's (YMT) IPO?

US Tiger Securities, Inc. is acting as the representative of the underwriter for Yimutian's IPO.