YXT.com Prices IPO Of 2.273M American Depositary Shares At $11/ADS
Portfolio Pulse from Benzinga Newsdesk
YXT.com Group Holding Limited has priced its IPO of 2.273 million American Depositary Shares (ADSs) at $11 per ADS, raising approximately $25 million. The ADSs will trade on the Nasdaq Global Market under the ticker symbol 'YXT' starting August 16, 2024. The offering is expected to close on August 19, 2024, with Kingswood Capital Partners, LLC, and Tiger Brokers (NZ) Limited acting as underwriters.
August 16, 2024 | 12:15 pm
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YXT.com Group Holding Limited has announced the pricing of its IPO at $11 per ADS, with trading set to begin on the Nasdaq Global Market on August 16, 2024. The IPO is expected to raise approximately $25 million.
The IPO pricing and upcoming trading on Nasdaq are significant events that are likely to positively impact YXT's stock price in the short term. The successful pricing and listing on a major exchange like Nasdaq can attract investor interest and boost the stock price.
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