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BEIJING - Yimutian Inc. (NASDAQ:YMT), an agricultural B2B platform in mainland China, announced Tuesday the pricing of its initial public offering at $4.10 per American depositary share (ADS), raising approximately $20.5 million. The company enters the market with strong fundamentals, generating $1.06 billion in revenue over the last twelve months and maintaining a healthy EBITDA of $148 million.
The offering consists of 5,010,000 ADSs, with each ADS representing 25 Class A ordinary shares. The company is offering 4,522,000 ADSs while selling shareholders are offering 488,000 ADSs. Yimutian has granted the underwriter a 45-day option to purchase up to an additional 678,300 ADSs. InvestingPro analysis shows the company maintains a strong financial position with a current ratio of 9.57, indicating robust liquidity.
Trading of the ADSs on the Nasdaq Stock Market is expected to begin Tuesday under the symbol "YMT," with the offering anticipated to close on or about August 20, 2025.
US Tiger Securities, Inc. is acting as the representative of the underwriter for the offering.
According to the company, the net proceeds will be used to enhance and expand its digital agricultural commerce services, develop technological infrastructure for new business initiatives, expand agricultural sourcing and trading services, and for working capital and general corporate purposes.
Yimutian describes itself as a platform that digitalizes China’s agricultural product supply chain. As of March 31, 2025, the company reported serving over 39 million merchants with approximately 21 million SKUs. In 2024, it connected more than 770,000 sellers with over 6 million buyers. InvestingPro data reveals the company maintains a "GOOD" overall financial health score of 2.82, with steady revenue growth of 2.45% and an impressive gross profit margin of 18.43%. For deeper insights and exclusive analysis, subscribers can access over 30 additional financial metrics and ProTips on InvestingPro.
The information in this article is based on a press release statement from the company.
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