YXT.com Group Holding, a Chinese provider of corporate learning software, raised $25 million by offering 2.3 million ADSs at $11, the low end of the range of $11 to $13. The company lowered its offering by 477,000 ADSs at pricing.
The Suzhou, China-based company operates in the digital corporate learning industry in China, helping customers deploy cloud-based learning platforms at scale. 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 is listing on the Nasdaq under the symbol YXT. The company traded below its offer price in early trading on Friday.
Kingswood Capital Markets and Tiger Brokers acted as joint bookrunners on the deal.
