STOCK TITAN

YXT.com Group Holding Limited Announces Closing of Initial Public Offering

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

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 ha annunciato la chiusura della sua offerta pubblica iniziale (IPO), raccogliendo circa 25,0 milioni di dollari USA in ricavi lordi. L'offerta ha incluso 2.273.000 azioni di deposito americane (ADS) a 11,00 dollari USA per ADS, ciascuna rappresentante tre azioni ordinarie di Classe A. Gli ADS hanno iniziato a essere scambiati sul Mercato Globale Nasdaq con il simbolo ticker YXT il 16 agosto 2024.

Gli underwriting, Kingswood Capital Partners e Tiger Brokers (NZ), hanno un'opzione di acquisto fino a 340.950 ADS aggiuntive entro 30 giorni dalla data del prospetto finale. L'azienda intende utilizzare i proventi dell'offerta per espandere la propria presenza nel mercato dell'apprendimento corporativo digitale in Cina.

La dichiarazione di registrazione per l'offerta è stata dichiarata efficace dalla Securities and Exchange Commission degli Stati Uniti (SEC). Per ulteriori informazioni, contattare Kingswood Capital Partners.

YXT.com Group Holding anunció el cierre de su oferta pública inicial (IPO), recaudando aproximadamente 25,0 millones de dólares EE. UU. en ingresos brutos. La oferta incluyó 2,273,000 acciones de depósito americanas (ADS) a 11,00 dólares EE. UU. por ADS, cada una representando tres acciones ordinarias de Clase A. Las ADS comenzaron a cotizar en el Mercado Global Nasdaq bajo el símbolo de cotización YXT el 16 de agosto de 2024.

Los suscriptores, Kingswood Capital Partners y Tiger Brokers (NZ), tienen una opción para comprar hasta 340,950 ADS adicionales dentro de los 30 días a partir de la fecha del prospecto final. La compañía planea utilizar los ingresos de la oferta para expandir su presencia en la industria del aprendizaje corporativo digital en China.

La declaración de registro de la oferta fue declarada efectiva por la Comisión de Valores y Bolsa de Estados Unidos (SEC). Para más información, contacte a Kingswood Capital Partners.

YXT.com Group Holding이 초기 공모(IPO) 종료를 발표하며 약 2500만 달러의 총 수익을 올렸습니다. 이번 공모는 2,273,000개의 미국 예탁주식(ADS)을 주당 11.00달러에 포함했으며, 각각은 클래스 A 보통주 3주를 대표합니다. ADS는 2024년 8월 16일에 나스닥 글로벌 마켓에서 YXT라는 종목 코드로 거래를 시작했습니다.

인수자인 Kingswood Capital Partners와 Tiger Brokers (NZ)는 최종 설명서일로부터 30일 이내에 최대 340,950개의 추가 ADS를 구매할 수 있는 옵션을 보유하고 있습니다. 회사는 이번 공모의 수익을 이용해 중국의 디지털 기업 교육 산업에서 시장 점유율을 확장할 계획입니다.

이번 공모에 대한 등록 서류는 미국 증권 거래 위원회(SEC)에 의해 효과적으로 선언되었습니다. 더 많은 정보는 Kingswood Capital Partners에 문의하십시오.

YXT.com Group Holding a annoncé la clôture de son introduction en bourse (IPO), levant environ 25 millions de dollars US de produits bruts. L'offre comprenait 2 273 000 actions de dépôt américaines (ADS) au prix de 11,00 dollars US par ADS, chacune représentant trois actions ordinaires de classe A. Les ADS ont commencé à être négociées sur le Nasdaq Global Market sous le symbole boursier YXT le 16 août 2024.

Les souscripteurs, Kingswood Capital Partners et Tiger Brokers (NZ), ont la possibilité d'acheter jusqu'à 340 950 ADS supplémentaires dans les 30 jours suivant la date du prospectus final. La société prévoit d'utiliser les produits de l'offre pour étendre sa présence sur le marché de l'apprentissage numérique en entreprise en Chine.

La déclaration d'enregistrement de l'offre a été déclarée efficace par la Commission des valeurs mobilières des États-Unis (SEC). Pour plus d'informations, contactez Kingswood Capital Partners.

YXT.com Group Holding gab den Abschluss seines Börsengangs (IPO) bekannt und erzielte dabei Einnahmen von etwa 25,0 Millionen US-Dollar. Das Angebot umfasste 2.273.000 amerikanische Depotaktien (ADS) zu je 11,00 US-Dollar pro ADS, wobei jede ADS drei Stammaktien der Klasse A repräsentiert. Die ADS wurden am Nasdaq Global Market unter dem Tickersymbol YXT am 16. August 2024 gehandelt.

Die Underwriter, Kingswood Capital Partners und Tiger Brokers (NZ), haben die Option, innerhalb von 30 Tagen nach dem endgültigen Prospekt bis zu 340.950 zusätzliche ADS zu erwerben. Das Unternehmen plant, die Erlöse aus dem Angebot zu nutzen, um seine Marktpräsenz in der digitalen Unternehmenslernbranche in China auszubauen.

Die Registrierungsunterlagen für das Angebot wurden von der US-amerikanischen Securities and Exchange Commission (SEC) für wirksam erklärt. Für weitere Informationen kontaktieren Sie bitte Kingswood Capital Partners.

Positive
  • Raised approximately US$25.0 million in gross proceeds.
  • IPO successfully closed with ADSs trading on Nasdaq under YXT.
  • Potential for additional proceeds with the option to purchase up to 340,950 additional ADSs.
Negative
  • Underwriting discounts and commissions will reduce net proceeds.

Insights

YXT.com's IPO marks a significant milestone for the Chinese digital corporate learning industry. The company raised $25 million in gross proceeds, pricing 2,273,000 ADSs at $11 each. This successful listing on Nasdaq under the ticker 'YXT' demonstrates investor confidence in the e-learning sector's growth potential. However, the relatively modest IPO size suggests a cautious approach, possibly due to current market conditions or the company's growth stage. The 30-day option for underwriters to purchase additional ADSs could provide extra liquidity if exercised. Investors should monitor how YXT.com utilizes these funds to fuel expansion and maintain its market position amidst fierce competition in China's tech-education landscape.

YXT.com's IPO reflects the growing interest in China's digital learning market, estimated to reach $78 billion by 2025. As a 'leader and disruptor,' YXT.com is well-positioned to capitalize on this trend, especially given the increased adoption of online corporate training post-pandemic. However, investors should be aware of potential regulatory risks in China's education sector. The company's choice to list on Nasdaq, rather than domestic exchanges, might be strategic for international expansion but could also expose it to U.S.-China tensions. The modest IPO size may limit immediate market impact, but it provides a foundation for future growth and sets a benchmark for valuations in the sector.

The successful completion of YXT.com's IPO indicates compliance with SEC regulations, a important factor for Chinese companies listing in the U.S. The company's clear disclaimer about offer limitations and the availability of the prospectus demonstrate transparency and adherence to legal requirements. However, investors should note the ongoing regulatory scrutiny of Chinese companies in U.S. markets. The effectiveness of the registration statement is positive, but continuous compliance will be essential. The underwriters' option to purchase additional ADSs within 30 days provides flexibility but also requires careful monitoring of disclosure obligations. As always, potential investors should thoroughly review the prospectus for risk factors specific to YXT.com and the broader regulatory environment.

SUZHOU, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (“YXT.com” or the “Company”), a leader and disruptor of the digital corporate learning industry in China, today announced that its previously announced initial public offering (the “Offering”) of 2,273,000 American depositary shares (“ADSs”) at a price of US$11.00 per ADS closed on August 19, 2024. Each ADS represents three Class A ordinary shares of the Company. YXT.com’s ADSs began trading on the Nasdaq Global Market on Friday, August 16, 2024, under the ticker symbol “YXT.”

The Company raised a total of approximately US$25.0 million in gross proceeds from the Offering, before deducting underwriting discounts and commissions as well as other estimated offering expenses. In addition, the Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 340,950 additional ADSs.

Kingswood Capital Partners, LLC, and Tiger Brokers (NZ) Limited acted as underwriters for the Offering. Kingswood Capital Partners, LLC acted as the representative of the underwriters.

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.

This Offering was made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the Offering may be obtained, when available, by contacting Kingswood Capital Partners, LLC at 126 E 56th St, 22nd Floor, New York, NY 10022, or by telephone at 800-535-6981 or by e-mailing info@kingswoodus.com.

About YXT.com
As a technology company, YXT.com provides corporations with digital corporate learning solutions, including SaaS platforms, learning content, and other services. YXT.com is a leader and disruptor of the digital corporate learning industry in China. Established in 2011, YXT.com has supported Fortune 500 companies and other leading companies with their transformation and digitalization of learning and development, and has received recognition, respect and recurring business.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under 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 and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases 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.

Contact
Robin Yang
ICR, LLC
YXT.IR@icrinc.com 
+1 (646) 405-4883


FAQ

When did YXT.com close its IPO?

YXT.com closed its IPO on August 19, 2024.

How many ADSs were included in YXT.com's IPO?

The IPO included 2,273,000 American depositary shares (ADSs).

What was the offering price for YXT.com's ADSs?

The offering price was US$11.00 per ADS.

On which market are YXT.com's ADSs trading and what is the ticker symbol?

YXT.com's ADSs began trading on the Nasdaq Global Market under the ticker symbol YXT.

How much did YXT.com raise from its IPO?

YXT.com raised approximately US$25.0 million in gross proceeds from its IPO.

Do the underwriters have an option to purchase additional ADSs?

Yes, the underwriters have an option to purchase up to 340,950 additional ADSs within 30 days from the date of the final prospectus.

YXT.COM GROUP HOLDING LIMITED American Depository Shares

NASDAQ:YXT

YXT Rankings

YXT Latest News

YXT Stock Data

159.20M
2.75M
0.84%
0%
0.03%
Software - Application
Technology
Link
United States of America
Suzhou