YXT.com Group Holding Limited Completes Successful IPO
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YXT.com Group Holding Limited Completes Successful Initial Public Offering
YXT.com Group Holding Limited (“YXT.com” or the “Company”), a leader and disruptor in the digital corporate learning industry, has successfully completed its initial public offering (IPO) of 2,273,000 American depositary shares (ADSs) at a price of US$11.00 per ADS.
Details of the Offering
This significant move marks a pivotal moment for YXT.com, as the Company raised approximately US$25.0 million in gross proceeds from the IPO. This amount is calculated before deducting underwriting discounts, commissions, and other estimated offering expenses. Each ADS corresponds to three Class A ordinary shares of the Company. Following this IPO, YXT.com’s ADSs have commenced trading on the Nasdaq Global Market under the ticker symbol "YXT."
Underwriters and Regulations Involved
Kingswood Capital Partners, LLC and Tiger Brokers (NZ) Limited served as the underwriters for the IPO, with Kingswood Capital Partners, LLC acting as the representative of the underwriters. A registration statement associated with these securities has been filed with the United States Securities and Exchange Commission (SEC) and has been declared effective.
Additional Shares Option
The Company has provided the underwriters with an option to purchase up to an additional 340,950 ADSs within 30 days from the date of the final prospectus. This option allows the underwriters to acquire more shares, potentially increasing the total investment raised by YXT.com and aiding in its strategic plans for growth.
Innovations and Strategic Growth in Corporate Learning
YXT.com is at the forefront of digital corporate learning solutions. The Company leverages cutting-edge technology to provide corporations with a suite of services including SaaS platforms and tailored learning content. Established in 2011, YXT.com has been instrumental in aiding Fortune 500 companies and other key organizations in their digital transformation journeys relating to corporate training and employee development.
Commitment to Excellence
YXT.com’s commitment to excellence is reflected in its reputation as a trusted partner for many leading enterprises. The Company has received consistent recognition for its innovation and ability to deliver effective learning solutions, contributing significantly to positive changes in corporate education methodologies.
Company Contact Information
For more inquiries or further information, you can contact:
Robin Yang
ICR, LLC
Email: YXT.IR@icrinc.com
Phone: +1 (646) 405-4883
Frequently Asked Questions
What is YXT.com Group Holding Limited?
YXT.com Group Holding Limited is a technology company specializing in digital corporate learning solutions in China.
How much did YXT.com raise during the IPO?
YXT.com raised approximately US$25.0 million in gross proceeds from its initial public offering.
What is the ticker symbol for YXT.com on Nasdaq?
The ticker symbol for YXT.com on the Nasdaq Global Market is "YXT."
Who were the underwriters for the YXT.com IPO?
Kingswood Capital Partners, LLC and Tiger Brokers (NZ) Limited acted as the underwriters for the IPO.
What does YXT.com offer to corporations?
YXT.com offers SaaS platforms, learning content, and other services to facilitate digital learning and development for corporations.
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