Youxin Technology, a Chinese provider of digital transformation software and services for retailers, raised $10 million by offering 2.3 million shares at $4.50, as expected.
Youxin is a software-as-a-service (SaaS) and platform-as-a-service (PaaS) provider focused on helping mid-tier retailers digitally transform their businesses. The company primarily generates revenue from professional services and payment channel services.
Youxin Technology plans to list on the Nasdaq under the symbol YAAS. Aegis Capital Corp. acted as sole bookrunner on the deal.
