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 ...
