Yimutian (YMT) announced the pricing of its initial public offering of 5.01M American depositary shares, each representing 25 Class A ordinary shares, at a price of $4.10 per ADS for a total offering size of approximately $20.541M, assuming the underwriter does not exercise its option to purchase additional ADSs. The company is offering 4.52M ADSs, and the selling shareholders are offering 488K ADSs. The company intends to use the net proceeds from the offering for the enhancement and expansion of its digital agricultural commerce services of its apps, the development of technological infrastructure and product operations in relation to its new business initiatives, the expansion of its agricultural sourcing and trading services and working capital and general corporate purposes. The ADSs have been approved for listing and are expected to begin trading on Nasdaq Stock Market on August 19, 2025 under the symbol “YMT.” The offering is expected to close on or about August 20, subject to satisfaction of customary closing conditions. US Tiger Securities acts as the representative of the underwriter.
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