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

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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.

YXT.com Group Holding, un leader nell'industria dell'apprendimento aziendale digitale in Cina, ha determinato il prezzo della sua offerta pubblica iniziale (IPO) di 2.273.000 azioni di deposito americano (ADS) a $11,00 per ADS. La dimensione totale dell'offerta è di circa $25 milioni. Ogni ADS rappresenta tre azioni ordinarie di classe A. È previsto che il trading inizi il 16 agosto 2024 sul Mercato Globale Nasdaq con il simbolo di ticker 'YXT'. La chiusura dell'offerta è prevista per il 19 agosto 2024. Gli underwriter hanno un'opzione di 30 giorni per acquistare fino a 340.950 ADS aggiuntive. Kingswood Capital Partners e Tiger Brokers (NZ) fungono da underwriter, con Kingswood in qualità di rappresentante.

YXT.com Group Holding, líder en la industria de aprendizaje corporativo digital en China, ha fijado el precio de su oferta pública inicial (IPO) de 2,273,000 acciones de depósito americano (ADS) a $11.00 por ADS. El tamaño total de la oferta es aproximadamente $25 millones. Cada ADS representa tres acciones ordinarias de clase A. Se espera que la negociación comience el 16 de agosto de 2024 en el Mercado Global Nasdaq bajo el símbolo de cotización 'YXT'. El cierre de la oferta está programado para el 19 de agosto de 2024. Los suscriptores tienen una opción de 30 días para comprar hasta 340,950 ADS adicionales. Kingswood Capital Partners y Tiger Brokers (NZ) están actuando como suscriptores, siendo Kingswood el representante.

YXT.com Group Holding은 중국의 디지털 기업 학습 산업의 선두주자로서, 2,273,000개의 미국 예탁주식(ADS)에 대한 초기 공개 모집(IPO)을 ADS당 $11.00에 가격을 책정했습니다. 총 공모 금액은 약 $25 백만입니다. 각 ADS는 3개의 A 클래스 보통주를 대표합니다. 거래는 2024년 8월 16일나스닥 글로벌 마켓에서 'YXT'라는 티커 기호로 시작될 것으로 예상됩니다. 이 공모는 2024년 8월 19일에 종료될 예정입니다. 인수인은 30일 동안 최대 340,950개의 추가 ADS를 구매할 수 있는 옵션을 가지고 있습니다. Kingswood Capital PartnersTiger Brokers (NZ)가 인수인 역할을 하며, Kingswood가 대표로 나섭니다.

YXT.com Group Holding, un leader dans l'industrie de l'apprentissage numérique des entreprises en Chine, a déterminé le prix de son offre publique initiale (IPO) de 2 273 000 actions de dépôt américaines (ADS) à 11,00 $ par ADS. La taille totale de l'offre est d'environ 25 millions $. Chaque ADS représente trois actions ordinaires de classe A. Le trading devrait commencer le 16 août 2024 sur le Nasdaq Global Market sous le symbole 'YXT'. La clôture de l'offre est prévue pour le 19 août 2024. Les souscripteurs disposent d'une option de 30 jours pour acheter jusqu'à 340 950 ADS supplémentaires. Kingswood Capital Partners et Tiger Brokers (NZ) agissent en tant que souscripteurs, avec Kingswood comme représentant.

YXT.com Group Holding, ein führendes Unternehmen in der digitalen Unternehmenslernbranche in China, hat sein öffentliches Angebot (IPO) von 2.273.000 amerikanischen Depotaktien (ADS) auf 11,00 $ pro ADS festgesetzt. Die gesamte Angebotssumme beträgt etwa 25 Millionen $. Jede ADS repräsentiert drei Stammaktien der Klasse A. Der Handel wird voraussichtlich am 16. August 2024 an der Nasdaq Global Market unter dem Tickersymbol 'YXT' beginnen. Der Abschluss des Angebots ist für den 19. August 2024 geplant. Die Emissionsbanken haben eine 30-tägige Option, bis zu 340.950 zusätzliche ADS zu kaufen. Kingswood Capital Partners und Tiger Brokers (NZ) agieren als Emissionsbanken, wobei Kingswood als Vertreter fungiert.

Positive
  • IPO priced at $11.00 per ADS, raising approximately $25 million
  • Listing on Nasdaq Global Market, increasing visibility and liquidity
  • Underwriters have option to purchase additional ADSs, potentially increasing offering size
Negative
  • Potential dilution of existing shareholders' ownership
  • Market volatility may affect stock performance post-IPO

Insights

YXT.com's IPO pricing at $11.00 per ADS, raising approximately $25 million, marks a significant milestone for the Chinese digital corporate learning company. The modest offering size suggests a cautious approach to public markets, possibly due to current market conditions or the company's growth stage. With 2,273,000 ADSs offered, representing 6,819,000 Class A ordinary shares, the company's valuation and public float remain relatively small. The additional option for underwriters to purchase up to 340,950 ADSs could provide some flexibility in managing demand. Investors should note that as a Chinese company, YXT.com may face regulatory risks both in China and the US. The choice of Nasdaq Global Market for listing indicates the company's ambition for international visibility, but also subjects it to stringent reporting requirements.

YXT.com's positioning as a "leader and disruptor" in China's digital corporate learning industry suggests a potentially lucrative market opportunity. The e-learning sector has seen significant growth, accelerated by the pandemic, making this IPO timely. However, investors should be cautious about the competitive landscape and YXT.com's actual market share. The ticker symbol "YXT" aligns with the company's brand, which could aid in investor recognition. The involvement of Tiger Brokers as an underwriter may help attract Asian investors familiar with the platform. The pricing at $11.00 per ADS seems strategic, balancing accessibility for retail investors with a valuation that doesn't undervalue the company. Keep an eye on the post-IPO performance to gauge market reception and potential for future growth in this evolving sector.

The regulatory landscape for YXT.com's IPO is complex, given its status as a Chinese company listing on a US exchange. The SEC's effective declaration of the registration statement is crucial, indicating compliance with US securities laws. However, investors should be aware of the ongoing tensions between US and Chinese regulators regarding auditing standards for foreign companies. The disclaimer about not constituting an offer to sell in certain jurisdictions is standard legal protection. The option for underwriters to purchase additional ADSs within 30 days is a typical over-allotment provision, providing price stability post-IPO. Prospective investors should carefully review the final prospectus for risk factors, particularly those related to VIE structures often used by Chinese companies and potential regulatory changes that could impact YXT.com's operations or investor protections.

SUZHOU, China, Aug. 16, 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 the pricing of its initial public offering of 2,273,000 American depositary shares (“ADSs”), at US$11.00 per ADS, for a total offering size of approximately US$25 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Market on August 16, 2024, under the ticker symbol “YXT.” The offering is expected to close on August 19, 2024, subject to customary closing conditions.

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 are acting as underwriters for the offering. Kingswood Capital Partners, LLC is acting 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 is being 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

What is the IPO price for YXT.com Group Holding (YXT)?

YXT.com Group Holding has priced its IPO at $11.00 per ADS (American Depositary Share).

How much money is YXT.com (YXT) raising through its IPO?

YXT.com is raising approximately $25 million through its initial public offering, assuming underwriters don't exercise their option to purchase additional ADSs.

When will YXT.com (YXT) start trading on the Nasdaq?

YXT.com is expected to begin trading on the Nasdaq Global Market on August 16, 2024, under the ticker symbol 'YXT'.

How many ADSs is YXT.com (YXT) offering in its IPO?

YXT.com is offering 2,273,000 American depositary shares (ADSs) in its initial public offering.

YXT.COM GROUP HOLDING LIMITED American Depository Shares

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Software - Application
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Suzhou