YXT.COM GROUP HOLDING, a Chinese provider of corporate learning software, announced terms for its IPO on Thursday.
The Suzhou, China-based company plans to raise $33 million by offering 2.8 million ADSs at a price range of $11 to $13. At the midpoint of the proposed range, YXT.COM GROUP HOLDING would command a market cap of $645 million.
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.
YXT.COM GROUP HOLDING was founded in 2011 and booked $53 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol YXT. Kingswood Capital Markets and Tiger Brokers are the joint bookrunners on the deal.
