YXT.COM GROUP HOLDING, a Chinese provider of corporate learning software, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
YXT.COM operates in the digital corporate learning industry in China, helping customers deploy cloud-based learning platforms at scale. Its comprehensive and scalable solutions are suitable for various corporate learning scenarios and can be broadly applied among corporate customers across different industries, scales, and development stages. Through a combination of in-house development and external collaboration, the company offered over 8,200 courses covering approximately 20 industries and served over 2,400 subscription customers as of March 31, 2024.
The Suzhou, China-based company was founded in 2011 and booked $53 million in revenue for the 12 months ended March 31, 2024. It plans to list on either the NYSE or the Nasdaq under the symbol YXT. YXT.COM GROUP HOLDING filed confidentially on July 16, 2021. EF Hutton, Tiger Brokers, and CMB International Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
