YSX TECH. CO., LTD Announces Closing of Its Initial Public Offering and Full Exercise of Underwriter鈥檚 Over-Allotment Option
YSX TECH (YSXT) has successfully completed its Initial Public Offering (IPO) on December 19, 2024, raising total gross proceeds of $5.75 million. The company offered 1,250,000 Class A ordinary shares at $4.00 per share, with an additional 187,500 shares sold through the full exercise of the underwriter's over-allotment option. Trading commenced on the Nasdaq Capital Market under the symbol 'YSXT' on December 18, 2024.
The company, operating through variable interest entities in China, provides comprehensive business solutions for insurance companies and brokerages. The IPO proceeds will fund business expansion, new market development, product R&D, talent recruitment, and working capital needs. Kingswood Capital Partners acted as the sole book-runner for this firm commitment offering.
YSX TECH (YSXT) ha completato con successo la sua Offerta Pubblica Iniziale (IPO) il 19 dicembre 2024, raccogliendo un totale di 5,75 milioni di dollari. L'azienda ha offerto 1.250.000 azioni ordinarie di Classe A a 4,00 dollari per azione, con ulteriori 187.500 azioni vendute grazie all'esercizio completo dell'opzione di sovrallotting dell'underwriter. Le negoziazioni sono iniziate sul Nasdaq Capital Market con il simbolo 'YSXT' il 18 dicembre 2024.
L'azienda, che opera attraverso entit脿 a interesse variabile in Cina, offre soluzioni commerciali complete per compagnie assicurative e broker. I proventi dell'IPO serviranno a finanziare l'espansione aziendale, lo sviluppo di nuovi mercati, la ricerca e sviluppo di prodotti, il reclutamento di talenti e il fabbisogno di capitale circolante. Kingswood Capital Partners ha agito come unico book-runner per questa offerta a impegno fermo.
YSX TECH (YSXT) ha completado con 茅xito su Oferta P煤blica Inicial (IPO) el 19 de diciembre de 2024, recaudando un total de 5,75 millones de d贸lares. La empresa ofreci贸 1.250.000 acciones ordinarias de Clase A a 4,00 d贸lares por acci贸n, con 187.500 acciones adicionales vendidas mediante el ejercicio completo de la opci贸n de sobreasignaci贸n del suscriptor. La negociaci贸n comenz贸 en el Nasdaq Capital Market bajo el s铆mbolo 'YSXT' el 18 de diciembre de 2024.
La empresa, que opera a trav茅s de entidades de inter茅s variable en China, proporciona soluciones comerciales integrales para compa帽铆as de seguros y corredores. Los ingresos de la IPO financiar谩n la expansi贸n del negocio, el desarrollo de nuevos mercados, la investigaci贸n y desarrollo de productos, la contrataci贸n de talento y las necesidades de capital de trabajo. Kingswood Capital Partners actu贸 como el 煤nico book-runner para esta oferta de compromiso firme.
YSX TECH (YSXT)電 2024雲 12鞗 19鞚检棎 靹标车鞝侅溂搿 斓滌磮瓿惦(IPO)毳 鞕勲頃橃棳 齑 575毵 雼煬毳 氇笀頄堨姷雼堧嫟. 鞚 須岇偓電 欤茧嫻 4.00雼煬搿 1,250,000臧滌潣 韥措灅鞀 A 氤错喌欤茧ゼ 鞝滉车頃橃榾瓿, 鞚胳垬鞚胳潣 齑堦臣 頃犽嫻 鞓奠厴鞚 鞝勲焿 頄夓偓頃橃棳 於旉皜搿 187,500欤茧ゼ 韺愲Г頃橃榾鞀惦媹雼. 瓯半灅電 2024雲 12鞗 18鞚检棎 Nasdaq Capital Market鞐愳劀 'YSXT' 鞁臣 鞎勲灅 鞁滌瀾霅橃棃鞀惦媹雼.
欷戧淡鞚 氤霃 鞚挫瀽 鞁れ泊毳 韱淀暣 鞖挫榿霅橂姅 鞚 須岇偓電 氤错棙須岇偓鞕 欷戧皽鞐呾泊毳 鞙勴暅 膦呿暕鞝侅澑 牍勳雼堨姢 靻旊（靺橃潉 鞝滉车頃╇媹雼. IPO 靾橃澋旮堨潃 靷梾 頇曥灔, 靸堧鞖 鞁滌灔 臧滊皽, 鞝滍拡 鞐瓣惮臧滊皽(R&D), 鞚胳灛 毂勳毄 氚 鞖挫榿 鞛愱笀 頃勳殧毳 於╈”頃橂姅 雿 靷毄霅 瓴冹瀰雼堧嫟. Kingswood Capital Partners電 鞚 瓿犾爼 鞎届爼 鞝滉车鞚 鞙勴暅 鞙犾澕頃 攵侂煱雱堧 頇滊彊頄堨姷雼堧嫟.
YSX TECH (YSXT) a r茅ussi 脿 r茅aliser son Introduction en Bourse (IPO) le 19 d茅cembre 2024, levant un produit brut total de 5,75 millions de dollars. L'entreprise a propos茅 1.250.000 actions ordinaires de Classe A 脿 4,00 dollars par action, avec 187.500 actions suppl茅mentaires vendues gr芒ce 脿 l'exercice complet de l'option de surallocation de l'underwriter. La n茅gociation a d茅but茅 sur le Nasdaq Capital Market sous le symbole 'YSXT' le 18 d茅cembre 2024.
L'entreprise, op茅rant 脿 travers des entit茅s d'int茅r锚t variable en Chine, fournit des solutions commerciales compl猫tes pour les compagnies d'assurance et les courtiers. Les produits de l'IPO serviront 脿 financer l'expansion des activit茅s, le d茅veloppement de nouveaux march茅s, la recherche et le d茅veloppement de nouveaux produits, le recrutement de talents et les besoins en fonds de roulement. Kingswood Capital Partners a agi en tant que book-runner unique pour cette offre d'engagement ferme.
YSX TECH (YSXT) hat am 19. Dezember 2024 erfolgreich seinen B枚rsengang (IPO) abgeschlossen und dabei einen Gesamtbruttoerl枚s von 5,75 Millionen Dollar erzielt. Das Unternehmen bot 1.250.000 Aktien der Klasse A zu einem Preis von 4,00 Dollar pro Aktie an, wobei zus盲tzlich 187.500 Aktien durch die vollst盲ndige Aus眉bung der Over-Allotment-Option des Emittenten verkauft wurden. Der Handel begann am Nasdaq Capital Market unter dem Symbol 'YSXT' am 18. Dezember 2024.
Das Unternehmen, das 眉ber variable Interest Entities in China arbeitet, bietet umfassende Gesch盲ftsl枚sungen f眉r Versicherungsunternehmen und Broker an. Die Erl枚se aus dem IPO werden zur Finanzierung der Gesch盲ftserweiterung, der Entwicklung neuer M盲rkte, der Produktforschung und -entwicklung, der Talenteinstellung und des Bedarfs an Betriebskapital verwendet. Kingswood Capital Partners fungierte als alleiniger Bookrunner f眉r dieses feste Angebot.
- Successfully raised $5.75 million in total gross proceeds through IPO
- Full exercise of over-allotment option indicates strong initial demand
- Achieved Nasdaq Capital Market listing
- Clear allocation plan for proceeds targeting growth initiatives
- Small IPO size may limit institutional investor interest
- Variable interest entity structure in China carries regulatory risks
- Gross proceeds subject to reduction from underwriting discounts and offering expenses
Insights
YSX Tech's IPO represents a modest capital raise of
The company's focus on insurance technology solutions in China positions it in a growing sector, but the capital raise may constrain expansion capabilities. The stated use of proceeds spans multiple objectives - market expansion, R&D, recruitment and working capital - which could lead to diluted impact given the modest amount raised. The full exercise of the over-allotment option suggests decent initial demand, though the true test will be post-IPO trading performance and volume.
The VIE structure employed by YSX Tech introduces significant regulatory considerations for investors. This corporate arrangement, while common among Chinese firms listing in the US, faces ongoing scrutiny from both Chinese and US regulators. The SEC's recent focus on Chinese company disclosures and the Chinese government's tightening grip on data-sensitive sectors make this structure particularly relevant for risk assessment.
The firm commitment underwriting by Kingswood Capital Partners provides some validation, though investors should note this is a smaller-tier investment bank. The dual legal counsel involvement from Hunter Taubman Fischer & Li and Greenberg Traurig suggests proper due diligence in regulatory compliance, but the complex regulatory environment in both jurisdictions remains a key risk factor.
Guangzhou, Dec. 19, 2024 (GLOBE NEWSWIRE) -- YSX TECH. CO., LTD (the 鈥淐ompany鈥 or 鈥淵SXT鈥), a Cayman Islands exempted company that, through its variable interest entities in China, provides comprehensive business solutions mainly for insurance companies and brokerages in China, today announced the closing of its initial public offering (the 鈥淥ffering鈥) of 1,250,000 Class A ordinary shares (the 鈥淥rdinary Shares鈥) at a public offering price of
On the Closing Date, the Company also closed the sale of an additional 187,500 Ordinary Shares, pursuant to the full聽exercise of the over-allotment option granted to the underwriters in connection with the Offering, at the public offering price of
The Offering was conducted on a firm commitment basis. Kingswood Capital Partners, LLC acted as the sole book-runner. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Company, and Greenberg Traurig, LLP acted as U.S. counsel to the underwriters, in connection with the Offering.
The Company intends to use the proceeds from this Offering for business expansion and developing new geographic markets, product research and development, talent recruiting, as well as working capital and general corporate purposes.
A registration statement on Form F-1 (File No. 333-280312) relating to the Offering, as amended, was filed with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥) and declared effective by the SEC on December 17, 2024. The Offering was made only by means of a prospectus. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from Kingswood Capital Partners LLC: 126 E 56th St, Suite 22S, New York, NY 10022, or by telephone at +1 732- 910- 9692. In addition, a copy of the final prospectus can also be obtained via the SEC鈥檚 website at .
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About YSX TECH. CO., LTD
Primarily operating in Xinjiang and Guangdong provinces, YSX TECH. CO., LTD is a Cayman Islands exempted company that, through its variable interest entities in China, provides comprehensive business solutions mainly for insurance companies and brokerages in China. The Company possesses in-depth knowledge of the Chinese insurance industry accumulated from years of servicing customers, and specializes in auto insurance aftermarket value-added services, software development and information technology services, as well as other scenario-based customized services, such as products and customer development services. For more information please visit: and .
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 鈥渕ay, 鈥渨ill, 鈥渋ntend,鈥 鈥渟hould,鈥 鈥渂elieve,鈥 鈥渆xpect,鈥 鈥渁nticipate,鈥 鈥減roject,鈥 鈥渆stimate鈥 or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 鈥淩isk Factors鈥 section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
At the Company
+86 (20) 2984 2002
Investor Relations
WFS Investor Relations Inc.
Janice Wang
Email:
Phone: +86 13811768599
+1 628 283 9214
FAQ
What was the total amount raised in YSXT's IPO including the over-allotment option?
When did YSXT stock begin trading on Nasdaq and at what price?
How many shares did YSXT offer in its IPO including the over-allotment?
What will YSXT use the IPO proceeds for?
Who was the underwriter for YSXT's IPO?
